Select Committee

The revised income tax bill was tabled in the house earlier today by finance minister Nirmala Sitharaman. It carries most of the 285 recommendations made by the Parliamentary Select Committee

Select committee on I-T bill to submit recommendations in monsoon session

The Central Board of Direct Taxes is preparing a detailed, chapter-wise presentation on the proposed bill to present before the Select committee. This will list the bill's general provisions, specific chapter-wise amendments and the underlying process and policy changes, a senior government official said.

After the big Income Tax Act overhaul, the grunt work begins by CBDT

The CBDT has begun the work of redoing all forms, the rule book will be simplified, redundancies done away with.

Enemy Property Bill referred to Select Committee by RS

Rajya Sabha today referred to a Select Committee of the House a bill to amend a 48-year-old law aimed at guarding against claims of succession or transfer of properties left by people who migrated to Pakistan and China after the wars.

GST Congress' bill; negativism hurting economy: Jaitley

Acknowledging that there may be merit in Congress‘ demand for 18 per cent rate of GST, he said the NDA government has “not made any significant modifications” to the bill that the Congress-led UPA government had proposed in 2006-07 Budget, “except to bring a consensus between manufacturing and the consuming states”.

Govt clears GST amendments, states to be compensated

The Cabinet on Wednesday approved amendments to the GST bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee.

KM Mani submits states' views on GST to RS Select Committee

he 21-member Select Committee is headed by BJP MP Bhupender Yadav. Mani, the Finance Minister of Kerala, had yesterday called on Union Finance Minister Arun Jaitley.

GST rollout: KC Tyagi hopeful of meeting Apr 2016 deadline

The select committee will present its report in the first week of the next session of Parliament.

Real Estate Bill to be taken up in Rajya Sabha on Tuesday

Facing number crunch in Rajya Sabha, the government was forced to defer the bill on April 29 after opposition insisted on referring it to Select Committee of Parliament.

Jaitley promises 'civilised' tax regime to pull investment

Underlining that growth would depend on the states, he talked about cooperative federalism and announced release of Rs 11,000 crore to states in the current fiscal as part payment towards CST compensation to facilitate roll-out of the Goods and Services Tax (GST).

Insurance Bill in last leg; likely get parliament nod

The government has proposed to hike foreign direct investment from 26 percent to 49 percent in the insurance sector.

Cabinet likely to approve amendments to Lokpal Bill

The Cabinet is likely to consider giving post-facto approval to official amendments - including the one on delinking the formation of Lokayukta in states from the central bill - to the much-debated Lokpal Bill, tomorrow.