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Finance Bill 2023 passed in Lok Sabha

Finance Bill 2023 passed in Lok Sabha

Finance Bill 2023 passed in Lok Sabha: Without debate, the Lok Sabha passed the Finance Bill 2023, which implements tax proposals for the upcoming fiscal year. The passage of the Bill occurred amid Opposition uproar over the Adani controversy.

More About The Finance Bill 2023:

The Bill includes proposals for 64 official amendments, including one that seeks to eliminate long-term tax benefits for certain types of debt mutual funds and another that calls for the establishment of the GST Appellate Tribunal.

March 2023 Current Affairs Quiz

Key Amendments in the Finance Bill 2023 are:

What is a Finance Bill?

It is a Bill that contains some provisions related to taxation and expenditure, and additionally contains provisions related to any other matter is called a Financial Bill.

Rule 219 of the Rules of Procedure of Lok Sabha states:

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