✅The Union Cabinet gives ex-post facto approval for the Government
amendments to the Finance Bill, 2021 (enacted on 28th March 2021 as the
Finance Act, 2021 ).
✅The amendments were essential to clarify and rationalize the proposals further and address stakeholders' concerns arising out of amendments proposed in the Finance Bill.
Objective
✅The Government amendments to the Finance Bill, 2021 shall provide equity and inclusiveness to all the taxpayers by addressing stakeholders' concerns arising out of amendments proposed in the Bill.
✅The Government amendments to the Finance Bill, 2021 are tax proposals that shall generate timely revenue for the Government and streamline existing provisions by addressing grievances of the taxpayers.
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