August 10, 2016 8:41 PM
Lok Sabha passes Taxation Laws (Amendment) Bill 2016
The Lok Sabha today passed the Taxation Laws (Amendment) Bill 2016. The bill will pave the way for employers in the textile sector to avail of the income tax benefit on additional employment provided the employee has worked for 150 days and not 240 days as mandated earlier. <br/><br/>The...