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Lok Sabha approves 2015/16 finance bill

Finance Minister Arun Jaitley offered tax relief to foreign investors, exempting income from securities transactions, royalties and technical service from minimum alternative tax (MAT).

Manoj Kumar and Rajesh Kumar Singh    New Delhi     Last Updated: April 30, 2015  | 18:45 IST
Lok Sabha approves 2015/16 finance bill
Finance Minister Arun Jaitley

The Lok Sabha on Thursday approved 2015/16 Finance Bill mainly containing tax proposals for the manufacturing and service sectors for the current fiscal year.

Replying to a debate on tax proposals, Finance Minister Arun Jaitley offered tax relief to foreign investors, exempting income from securities transactions, royalties and technical service from minimum alternative tax (MAT).

(Reuters)

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