Union Government has proposed several amendments to Finance Bill 2017 presented in Lok Sabha on 01.02.2017 by introducing notice of amendment to finance bill 2017 Lok Sabha on 01.02.2017.
Some of the important amendment proposed are as follows :-Online GST Certification Course by TaxGuru & MSME- Click here to Join
1. Appointment of, and remuneration to, the ITAT Member
2. Make Aadhar card mandatory for filing income-tax returns and PAN.
3. Amendments to around 40 Acts and some of them includes the following:-
Sitaram Yechury said that “Several bills have been smuggled into the Finance Bill this time including the RBI and Representation of People’s Act. This is a subversion of the Constitution, to bypass Rajya Sabha as Finance Bill is a money bill. This exposes govt’s anti-democratic methods.”