The Lok Sabha today passed the Finance Bill, 2017 with 29 amendments & new Clauses.
The Bill was passed by voice vote.
Replying on Finance Bill in Lok Sabha the Finance Minister Arun Jaitley clarified the changes in the Finance Bill to make Aadhaar mandatory for filing tax returns and getting a permanent account number (PAN).
Jaitley also said that, the government deliberately adopted the step to check tax evasion by those having multiple PAN cards.
He also stood by the proposal to cap cash transaction to Rs 2 lakh and said the amendments in various laws were required to pave the way for electoral bonds, as part of the broader objective of electoral reforms.
The Bill will now be sent to the Rajya Sabha.
