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.

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).