The Lok Sabha on Tuesday passed by a voice vote a bill to amend the income tax laws to facilitate levy of 60 per cent tax on undisclosed income or investment or cash credit deposited in banks after the November 8 demonetisation. The bill, moved by Union finance minister Arun Jaitley, was passed by voice vote amid a ruckus created by the opposition parties over the demonetisation.

Jaitley said, "PM Modi made a huge announcement on November 8 to fight the menace of black money and corruption in the country." The bill was introduced nearly three weeks after Prime Minister Narendra Modi banned high denomination currency notes, also provides for immunity from being questioned on the source of funds. Trinamool Congress member Sudip Bandyopadhyay suggested that the debate and the bill can be clubbed, which Speaker Sumitra Mahajan said was not possible.

Both Houses of Parliament have been adjourned till 11 am tomorrow. On the tenth day of the Winter session of Parliament today, multiple disruptions uproar over the government's demonetisation decision is likely to continue with the Opposition sticking to its stand that the PM apologise for his black money jibe.