Finance Act 2019: Current Affairs, GK & News - 2020-2021

Lok Sabha clears Taxation (Amendment) bill, 2019

Published: December 3, 2019

On December 2, 2019, Lok Sabha passed the Taxation Laws (Amendment) bill, 2019. The main objective of the bill is to provide an option for the domestic companies to pay taxes at the rate of 22%. Key Features The bill replaced the ordinance promulgated by the President in September 2019. The ordinance reduced corporate taxes. ..

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President Approves Amendments to Indian Stamp Act 1899

Published: February 22, 2019

President Ram Nath Kovind has given the assent for the amendments to the Indian Stamp Act 1899 introduced as part of the Finance Act 2019. Amendments Proposed The amendments proposed are: Creation of the legal and institutional mechanism to enable states to collect stamp duty on securities market instruments at one place by one agency (through ..

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