Finance Bill 2016 Approved by Lok Sabha / Rajya Sabha / President

Finance Bill, 2016 gets the President’s Assent after approval from Lok Sabha & Rajya Sabha

The Finance Bill, 2016 was presented in the Lok Sabha on 29th Feb., 2016 by MoF Arun Jaitly.

The Lok Sabha passed the Finance Bill, 2016 on 5th May 2016.

On 11th May 2016 Rajya Sabha approved the Finance Bill 2016.

Finally, the Finance Bill, 2016 received the President’s assent on 14 May, 2016.

Now the Finance Bill 2016 has become the Finance Act, 2016 (28/2016).

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