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Lok Sabha passes Finance Bill 2021

Posted on 24 March 2021,    
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The Finance Bill, 2021 was passed in the Lok Sabha today.

Lok Sabha passes Finance Bill 2021

The salient features of the bill include

  • Reduced compliance burden for senior citizens of age 75 years & above
  • Tax incentives for Affordable Housing and Affordable Rental Housing Project
  • Reduction in Time Limits of Re-opening of Assessment
  • Setting up of Dispute Resolution Committee (DRC)
  • Faceless Income Tax Appellate Tribunal (ITAT)
  • Tax benefit for Start-ups
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