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Regarding the Finance Bill, 2021, consider the following statements:
1. The Union Cabinet has approved the Government's amendments to the Finance Bill 2021 ex post facto.
2. The Government's amendments to the Finance Bill 2021 are tax reforms that will produce timely revenue for the government while also streamlining existing provisions by resolving taxpayer grievances.
Which of the statements given above is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Regarding the Finance Bill, 2021, consider the following statements:1....
The Union Cabinet has given ex-post facto approval for the Government amendments to the Finance Bill, 2021 (enacted on 28th March, 2021 as the Finance Act, 2021).
  • The amendments were essential to clarify and rationalise the proposals further and address stakeholders concerns arising out of amendments proposed in the Finance Bill.
  • The Government amendments to the Finance Bill, 2021 shall provide equity and inclusiveness to all the taxpayers by addressing stakeholders concerns arising out of amendments proposed in the Bill.
  • The Government amendments to the Finance Bill, 2021 are tax proposals which shall generate timely revenue for the Government and streamline existing provisions by addressing grievances of the taxpayers.
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Most Upvoted Answer
Regarding the Finance Bill, 2021, consider the following statements:1....
Option C is correct no need of explanation it is there only in options
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Regarding the Finance Bill, 2021, consider the following statements:1. The Union Cabinet has approved the Governments amendments to the Finance Bill 2021 ex post facto.2. The Governments amendments to the Finance Bill 2021 are tax reforms that will produce timely revenue for the government while also streamlining existing provisions by resolving taxpayer grievances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
Question Description
Regarding the Finance Bill, 2021, consider the following statements:1. The Union Cabinet has approved the Governments amendments to the Finance Bill 2021 ex post facto.2. The Governments amendments to the Finance Bill 2021 are tax reforms that will produce timely revenue for the government while also streamlining existing provisions by resolving taxpayer grievances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the Finance Bill, 2021, consider the following statements:1. The Union Cabinet has approved the Governments amendments to the Finance Bill 2021 ex post facto.2. The Governments amendments to the Finance Bill 2021 are tax reforms that will produce timely revenue for the government while also streamlining existing provisions by resolving taxpayer grievances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the Finance Bill, 2021, consider the following statements:1. The Union Cabinet has approved the Governments amendments to the Finance Bill 2021 ex post facto.2. The Governments amendments to the Finance Bill 2021 are tax reforms that will produce timely revenue for the government while also streamlining existing provisions by resolving taxpayer grievances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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