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The Economic Times

Global Business / The Economic Times

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Lok Sabha approves Finance Bill, tax rules eased

The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill also allows retrospective tax case reopening and revalidation of past orders. Finance Minister Nirmala Sitharaman stated the aim is to reduce litigation and compliance burdens for small taxpayers and businesses.

26 Mar 2026 12:40 am