Congress Vice President Rahul Gandhi is all prepared with his speech over demonetisation. He claims that his words in Parliament will bring an earthquake for BJP. Reacting sharply to it, the saffron party slammed him and said it will have epicentre of scams.

Lower house of the Parliament (Lok Sabha) on Tuesday passed Income Tax Amendment Bill to tax black money deposited in banks post demonetization (November 8).

Declare your undisclosed income by December 30 at an income tax of 50% with no penalty, not doing so and getting caught in future will leave you with no money and deep regrets.

With an aim to catch fraud deposits post demonetisation, The Bill to amend Income Tax Act has been tabled in Lok Sabha. Finance Minister Arun Jaitley introduced the bill, proposed 30 per cent tax on undisclosed income plus 10 per cent penalty beside a 33 per cent surcharge.

The Government on Friday rejected opposition's demand of Prime Minister’s apology over his remarks claiming they support black money. The leaders also disrupted sessions in both the houses for yet another day of the winter session.

Union Minister for Information and Broadcasting M Venkaiah Naidu on Thursday said that Prime Minister Narendra Modi will be speaking in Rajya Sabha at 1pm.

Much awaited winter session has begun in Parliament from today. Outside Parliament Prime Minister Narendra Modi told reporters that he is hoping for a positive and fruitful session, while opposition has prepared itself to pin down the government for its recent decision on demonetisation.

On one side Opposition is trying every possible move to attack the Centre on recently announced demonetisation scheme and on the other Prime Minister Narendra Modi addressed media saying he is hoping for a positive and peaceful Winter Session.

Due from long time Goods and Services Tax (GST) Bill passed in Parliament, making a historic step in tax reform. Prime Minister Narendra Modi intervened in between and claimed this will end tax terrorism and also reduce corruption and black marketing. The GST Bill will make consumer the king, said PM Modi while thanking all the parties for showing their support.

After a long discussion in Parliament on Wednesday, Goods and Services Tax (GST) Bill got green signal from almost all except AIADMK, party which walked out from the Rajya Sabha. Here are 10 things you must know about the bill.