Friday, 21 February 2014

Interim Budget 2014 passed in Lok Sabha

Lok Sabha on Wednesday 19.02.2014 passed the Interim Budget for the financial year 2014-15 without any significant discussion. Finance Minister P Chidambaram introduced the Appropriation Bill and the
Finance Bill amid din in the House by a voice vote.
The Bills were passed without much discussion. There was no reply from the Finance Minister.

On Monday 17.02.2014 , Chidambaram had presented the Interim Budget along with a vote-on-account for spending up

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Bombay High Court Clarifies Tax Exemption Eligibility for Venture Capital Funds

  In a significant ruling, the Bombay High Court has reaffirmed that a Venture Capital Fund (VCF) registered with SEBI is entitled to claim ...