In the Lok Sabha passed the money bill, Debt Mutual Fund-except what other changes!

• March 24, 2023

Finance Bill 2023 has been passed in the Lok Sabha. The bill was passed with 64 amendments. This includes long-term tax exemption on certain categories of Debt Mutual Funds. Besides, there is also the issue of GST Applet Tribunal. Among those amendments is the government's move to tax investments in debt mutual funds as short-term capital gains. After the Hindenburg scandal, there was a virtual uproar in Parliament demanding a JPC (Joint Parliamentary Committee) inquiry into the allegations against Adani's company. The Finance Bill was passed virtually without discussion at that time.

While passing and considering this bill, Finance Minister Nirmala Sitharaman also announced the formation of a committee under the Finance Secretary to look into the pension issues of government employees. He also said that the Reserve Bank of India will also look into credit card transactions while traveling abroad to keep an eye on tax issues. The Finance Minister introduced 64 government amendments to the Finance Bill which was tabled in Parliament along with the Budget proposal on February 1. 20 new sections have been inserted in the bill. Now the money bill will go to the Rajya Sabha.

Share on Social Media