Budget 2017 Proposed Changes in Laws in India

The budget has proposed various changes in law as below :

1.Merger of Tribunals

2.Confiscation of Assets of Economic offenders

3.Repeal of Research and Development Cess Act, 1986

4.Income Tax- Harsh Provisions

5.Goods & Services Tax 

6.Abolition of FIPB

7.Arbitration

8.Amendment in Negotiable Instruments Act

9.Amendment to Reserve Bank of India Act

10.Formation of Payments Regulatory Board

11.Amendment in Securities Exchange Board of India (SEBI) Act

12.Proposed Merger for Advance Ruling Authority

13.Simplification, Rationalisation and Amalgamation of  Existing Labour Laws

14. Changes in Shops and Establishment Act 

to read about such proposed changes in law, please click here