Senate Standing Committee on Finance

Senate panel rejects proposal that seeks taxpayers' profile before income tax registration

But rejects internal currency movement restriction over govt objections

Senate panel recommends hike in income tax exemption ceiling, rejects 17% sales tax

Also wants govt to increase tax-free cash withdrawal limit to Rs100,000 a day

Says any change may lead to the withdrawal of deposits that currently stand at $7b

JUI-F senator wants govt to increase import duty on batteries

Government has proposed a legal regime for issuing licences to not-for-profit organisations in the Companies Bill 2017