Skip to main content

MoneyWorks4Me

Finance Bill has amendments to improve ease of doing business: Nirmala Sitharaman

25 Mar 2021 Evaluate

Finance Minister Nirmala Sitharaman said that the Finance Bill,2021 has some amendments aimed at achieving a reduction in compliance and improving ease of doing business.

She stated ‘the Finance Bill, 2021 doesn't envisage any increase in taxation particularly in direct taxes and income tax. It has some amendments towards achieving a reduction in compliance aimed at ease of doing business. An approach is similar for customs and indirect taxes.’

The Lok Sabha had passed the Finance Bill, 2021. The bill gives effect to the financial proposals of the central government for the financial year 2021-22. The passage of the Finance Bill by Parliament marks the completion of the budgetary process.