{"id":8943,"date":"2017-03-23T16:46:48","date_gmt":"2017-03-23T11:16:48","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=8943"},"modified":"2017-03-23T16:48:23","modified_gmt":"2017-03-23T11:18:23","slug":"download-finance-bill-2017-as-passed-by-the-lok-sabha","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/download-finance-bill-2017-as-passed-by-the-lok-sabha\/","title":{"rendered":"Download Finance Bill 2017 As Passed By The Lok Sabha"},"content":{"rendered":"<p>The Finance Bill 2017, as passed by the Lok Sabha today, is available for download. There are several important and landmark amendments proposed in the said Bill. <\/p>\n<p>The Finance Bill has 40 amendments. The amendments to the Finance Bill include a provision to cap legal cash transactions at Rs 2 lakh from 1st April. The Bill had originally proposed the cap at Rs 3 lakh. Arun Jaitley, the Hon&#8217;ble Finance Minister, said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding.<\/p>\n<p>Besides, amendments to the Companies Act, the Employees Provident Fund Act, Smuggling and Foreign Exchange Act, TRAI Act and Information Technology Act were passed. <\/p>\n<p>One of the important amendments is making Aadhaar number mandatory for filing of Income Tax returns to curb tax evasion and frauds. <\/p>\n<p>The Bill was passed by the House by voice vote.  Unfortunately, there as a walkout by the members of the Congress and the BJD. <\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/phYofgltfzo?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe><\/div>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today in Lok Sabha amendments were passed to close to 30 different bills in a finance bill (it doesn&#39;t need to pass Rajya Sabha)1\/n<\/p>\n<p>&mdash; Offfice RG Fan?? (@offficeRGFan) <a href=\"https:\/\/twitter.com\/offficeRGFan\/status\/844815382581932032\">March 23, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Isn&#39;t the <a href=\"https:\/\/twitter.com\/hashtag\/FinanceBill?src=hash\">#FinanceBill<\/a> making <a href=\"https:\/\/twitter.com\/hashtag\/Aadhaar?src=hash\">#Aadhaar<\/a> mandatory to file returns at odds with the <a href=\"https:\/\/twitter.com\/hashtag\/SupremeCourt?src=hash\">#SupremeCourt<\/a> declaring it is not <a href=\"https:\/\/twitter.com\/hashtag\/whatnow?src=hash\">#whatnow<\/a>??<\/p>\n<p>&mdash; Soha Ali Khan (@sakpataudi) <a href=\"https:\/\/twitter.com\/sakpataudi\/status\/844798195758592000\">March 23, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">(<a href=\"https:\/\/twitter.com\/hashtag\/TrueStory?src=hash\">#TrueStory<\/a>: Jaitley&#39;s amendments were not even circulated to Members. So technically, nobody knows what the real Finance Bill is. ?)<\/p>\n<p>&mdash; Meghnad (@Memeghnad) <a href=\"https:\/\/twitter.com\/Memeghnad\/status\/844134231181733888\">March 21, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"journal2\"><a href=\"https:\/\/www.itatonline.org\/info\/download-finance-bill-2017-as-passed-by-the-lok-sabha\/finance-bill-2017-passed-lok-sabha\/#dlcenter\" rel=\"attachment wp-att-8944\">Click here to download the Finance Bill 2017 as passed by the Lok Sabha today<\/a><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- responsive --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6440093791992877\"\n     data-ad-slot=\"6406297397\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Bill 2017, as passed by the Lok Sabha today, is available for download. There are several important and landmark amendments proposed in the said Bill. <\/p>\n<p>The Finance Bill has 40 amendments. The amendments to the Finance Bill include a provision to cap legal cash transactions at Rs 2 lakh from 1st April. The bill had originally proposed the cap at Rs 3 lakh. Arun Jaitley, the Hon&#8217;ble Finance Minister, said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding.<\/p>\n<p>Besides, amendments to the Companies Act, the Employees Provident Fund Act, Smuggling and Foreign Exchange Act, TRAI Act and Information Technology Act were passed. <\/p>\n<p>One of the important amendments is making Aadhaar number mandatory for filing of Income Tax returns to curb tax evasion and frauds. <\/p>\n<p>The Bill was passed by the House by voice vote.  Unfortunately, there as a walkout by the members of the Congress and the BJD. <\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/download-finance-bill-2017-as-passed-by-the-lok-sabha\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-8943","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/8943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=8943"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/8943\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=8943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=8943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=8943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}