The Lok Sabha has passed the Finance Bill, 2019 that gives effect to the proposals of the Central Government for the year 2019-2020. Explaining the proposed amendments in the taxation Acts, Finance Minister Nirmala Sitharaman pointed out that the said amendments will promote ‘Make in India’ and Startups.

On the incentives being provided for Electrical Vehicles, she said that the deduction on the loan interest is to encourage buyers, keeping in mind the state of the environment.

On a question raised about digital payments made to political parties, the Finance Minister answered that digital payments always leave a trail, right from the destination to the source, making such payments more transparent.


By Loknath

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