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Lok Sabha approves 2015/16 finance bill

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.

Updated on: Apr 30, 2015, 19:58:57 IST
Reuters | By , New Delhi
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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.

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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).