Lok Sabha passes Taxation Bill without demonetisation debate; both Houses adjourned for the day

Day 10 of Winter Session of Parliament is set to begin with BJP Parliamentary party will meet at 9.30 am, followed by opposition parties meet at 9.45 am. On Monday, the parliament opened in a stalemate as the protests on the streets by the opposition rocked the House proceedings with frequent disruptions.

Both the Lok Sabha and the Rajya Sabha ran into chaos over demands of Prime Minister Narendra Modi’s presence in the House by the opposition parties to debate the government’s move scrapping Rs 500 and Rs 1000 notes.

Finance Minister Arun Jaitley introduced a bill in Lok Sabha to amend the Income Tax law on Monday. The Taxation Laws (Second Amendment) Bill, 2016 proposes to amend Section 115 BBE of the Income Tax Act to provide for a punitive tax, surcharge and penalty on unexplained credit, investment, cash and other assets.

Also read | Recap of Day 9 of Winter Session of Parliament | Congress slams PM Modi

While several Left and Opposition leaders took to streets to observe ‘Pratibad Divas’ and the ‘Jan Aakrosh Diwas’, the Opposition parties rallied inside the Houses too, causing adjournments for the day before 3pm.

Live Updates:

#Taxation Bill passed by Lok Sabha without debate; Houses adjourned for the day

3:00pm: Speaker moves Taxation Bill for consideration and passing

3:00pm: Speaker dispenses with debate on taxation laws (amend) bill due to disruptions.

3:00pm: LS: Fin Minister moves taxation laws (amend) bill for passing. Disruptions in the house continue.

2:55pm: Govt moved amendments in Income tax law after it saw that a few people were still trying to convert black money into white post-demonetisation: FM Jaitley in LS

2:55pm: PM made a huge announcement on November 8 to fight the menace of black money and corruption in the country: FM Jaitley in LS

2:35pm: Rajya Sabha adjourned till 11 AM tomorrow after uproar in the House over demonetisation issue

2:04pm: Rajya Sabha resumes session; Lok Sabha adjourned till 2:30pm amid ruckus

12:07am: Rajya Sabha adjourned till 2:00pm

12:05pm: Lok Sabha adjourned till 2:00pm

12:00pm: Both Houses resume session amid ruckus over demonetisation

11:37 am: Lok Sabha adjourned till 12 noon after uproar 

11:35am: I cant understand why Opposition is not ready to debate, aakrosh rally was a flop, people made fun of them: Venkaiah Naidu

11:15 am: PM Modi asks all BJP MPs and MLAs to give details of their bank accounts to Amit Shah from Nov 8 to Dec 31. Have to submit by Jan 1: Sources

11:14 am: Lok Sabha adjourned till 11:30 am & Rajya Sabha adjourned till 12 noon after uproar over demonetisation

11:13 am: Rajya Sabha adjourned till 12:00pm

11:00 am: Houses begin session amid Opposition's continued attack on PM 

10:19 am: JDU, BSP, DMK skip meet as Opposition decides to continue attack on govt over demonetisation 

10:11 am: RJD, NCP join opposition parties in meeting ahead of Winter Session debate on demonetization

10:00am: Opposition leaders in meeting decide to reiterate demand for PM apology for his remarks, and for discussion under rule 56 in LS, says sources

9:50 am: Opposition meeting starts with Left, TMC, SP leaders; Gulam Nabi Azad also presnet in the room; before entering the meeting, Mallikarjun Khade said, "We will continue our demand as usual in House."

9:40am: BJP Parliamentary party meeting begins; PM, Amit Shah along with other senior leaders present