Finance bill passed ahead of coronavirus lockdown2 min read . Updated: 24 Mar 2020, 01:03 AM IST
- Union finance minister moves amendment to raise duty on petrol, diesel by up to ₹8
- Sitharaman also proposes amendments to the definition of tax residence and clarifications related to dividend distribution tax
The government created room to raise the excise duty on petrol and diesel by as much as ₹8 each to take advantage of the low oil price regime and relaxed controversial tax residence proposals in the Finance Bill 2020 approved by Parliament on Monday in a modified form.
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