Lok Sabha

The Finance Bill was passed without discussion as Parliament continued to remain stalled over Opposition demands for a probe by a joint parliamentary ...

Investment entities owned by the Abu Dhabi Investment Authority (ADIA) will be eligible for capital gains tax exemption on relocating to GIFT. The budget had also proposed that the income received by real estate and infrastructure investment trust (REIT and InvIT) unitholders in the form of 'repayment of debt' will be taxed from April 2024 as other income which was otherwise not taxable. This benefit will be available to any entity in which ADIA is the direct or indirect sole shareholder or unitholder or beneficiary or interest holder and such investment is wholly owned and controlled by ADIA or the government of Abu Dhabi, the amendment said. Credit card payments made in India for foreign tours will now be covered under the regime for LRS and also be subject to 20% The amendment provides marginal relief so that the additional tax would not be more than the amount by which income exceeds Rs 7 lakh. The budget provided that income up to Rs 7 Lakh would not be taxable under the new regime through a rebate mechanism. The change is in line with the budget proposal to tax market-linked debentures. The government did not offer any relief related to the angel tax provisions in the budget that will come into force on April 1, 2024. It also raised the securities transaction tax rate by 25% on futures and options, according to the [Finance Bill](/definition/finance-bill)passed by the Lok Sabha on Friday with as many as 64 amendments. The amended Finance Bill doubled the withholding tax rate to 20% from 10% on royalty and fees for technical services payments to non-residents, and extended the 20% tax collection at source to all remittances even if within India, including payment by credit cards. Currently, instead of distributing income to investors, debt mutual funds convert earnings into capital gains through the appreciation of unit value. Here’s a pro tip](/markets/expert-view/confused-between-bank-fds-and-debt-mutual-funds-heres-a-pro-tip/articleshow/98771151.cms) [debt mutual funds](/topic/debt-mutual-funds)as short-term [capital gains](/topic/capital-gains)and [royalty payouts](/topic/royalty-payouts)by local arms of multinational companies at a higher rate, while offering marginal relief to individual taxpayers under the new [income tax](/wealth/tax)regime.

Wayanad MP Rahul Gandhi has lost his Lok Sabha seat after being convicted of criminal defamation by a Surat court. What happens now — and what are the best- ...

The Lok Sabha Secretariat has sent a copy of the disqualification notification to the liaison officer of the Directorate of Estates for further action. A notification issued by the Lok Sabha Secretariat on Friday said Rahul “stands disqualified from the membership of Lok Sabha from the date of his conviction i.e. For example, in the case of The Supreme Court in its ruling in Lok Prahari v Union of India (2018) clarified that a disqualification triggered by a conviction will be reversed if the conviction is stayed by a court. Following his disqualification, he will have one month to vacate his 12 Tughlak Lane home, according to sources in the Housing and Urban Affairs Ministry. It is part of the procedure.

India News: ​​Congress leader's disqualification from Lok Sabha as a Member of Parliament came after the Surat court on Thursday sentenced him to two years ...

"I am not interested in anything but the truth. "The Prime Minister is scared of my next speech on Adani, and I have seen it in his eyes. Will continue to do that, I am not scared of anyone," he added.'Disqualification game is to distract people from real issues' I will continue to ask questions and fight for democracy in India." "I have said many times before that democracy is being attacked in the country. "I will not stop asking questions, I will keep questioning the relationship between PM Modi and Adani.

Sitharaman also announced that a new committee will be set up under Finance Secretary to look into the National Pension System (NPS) for government ...

So far, Punjab, Rajasthan, Chhattisgarh, Himachal Pradesh, and Jharkhand went back to the Old Pension Scheme and quashed the new pension scheme. The Reserve Bank is being requested to look into this with a view to bring credit card payments for foreign tours within the ambit of LRS and tax collection at source thereon," Sitharaman said today. Similarly, the rate of TCS on foreign remittances for the purpose of education through loan from financial institutions was proposed to continue to be 0.5 per cent in excess of Rs 7 lakh. Sitharaman also announced that a new committee will be set up under Finance Secretary to look into the National Pension System (NPS) for government employees. A marginal relief is proposed to be provided to the taxpayers. Thus many taxpayers were able to reduce their tax liability through this arbitrage, and this is now sought to be addressed through the amendment.

The Lok Sabha secretariat issued a notification on Friday disqualifying Gandhi as a member of the Lok Sabha of Parliament.

TRENDING They don't want to keep those who are speaking the truth but we will continue to speak the truth. We'll continue to demand JPC, If needed we'll go to jail to save democracy," Congress chief Kharge said. "The day Rahul Gandhi raised questions against Adani, PM, this type of conspiracy was started to silence Rahul Gandhi. The Lok Sabha secretariat issued a notification on Friday disqualifying Gandhi as a member of the Lok Sabha of Parliament following his conviction by a Surat court in a 2019 criminal defamation case. The Wayanad Lok Sabha constituency in Kerala was declared vacant, hours after Congress MP Rahul Gandhi was disqualified from the Lok Sabha.

Rahul Gandhi, who was convicted in a defamation case by a Surat court, was on Friday disqualified as the Member of Parliament. Here's what the Lok Sabha ...

Here's what the Lok Sabha notice on RaGa's disqualification read. Here's what the Lok Sabha notice read - [By India Today News Desk](/author/india-today-news-desk): Congress leader [Rahul Gandhi was on Friday disqualified](https://www.indiatoday.in/india/story/rahul-gandhi-disqualified-lok-sabha-mp-day-after-conviction-defamation-case-2350914-2023-03-24) as the Lok Sabha MP, a day after he was convicted and sentenced to two years in jail in a defamation case against his Modi surname remark in 2019.