▁( Second ▁Am end ment ) ▁Bill , ▁ 2 0 1 6 ▁was ▁passed ▁in ▁Lok ▁Sab ha ▁as ▁a ▁money ▁bill ▁on ▁ 2 9 ▁November ▁ 2 0 1 6 ▁en abling ▁people ▁to ▁declare ▁their ▁und is closed ▁in comes ▁after ▁Indian ▁ 5 0 0 ▁and ▁ 1 0 0 0 ▁ru pe e ▁note ▁demon et isation . ▁ ▁The ▁Tax ation ▁La ws ▁( Second ▁Am end ment ) ▁Bill , ▁ 2 0 1 6 , ▁was ▁introduced ▁in ▁the ▁Lok ▁Sab ha ▁during ▁the ▁ 2 0 1 6 ▁Winter ▁Session ▁of ▁Indian ▁Parliament . ▁The ▁bill ▁was ▁introduced ▁on ▁ 2 8 ▁November ▁ 2 0 1 6 , ▁by ▁Fin ance ▁Minister ▁of ▁India , ▁Ar un ▁J ait ley . ▁The ▁bill ▁was ▁passed ▁by ▁Spe aker ▁Sum it ra ▁Mah aj an , ▁with ▁a ▁voice ▁vote ▁without ▁debate ▁in ▁Lok ▁Sab ha . ▁The ▁Government , ▁clar ified ▁that ▁gold ▁asset ▁in ▁form ▁of ▁j ew ell ery ▁of ▁people ▁of ▁India , ▁were ▁not ▁for ▁tax ation ▁as ▁per ▁the ▁introduced ▁Bill . ▁The ▁O pp osition , ▁parties , ▁expressed ▁anger ▁against ▁the ▁passed ▁bill ▁in ▁Lok ▁Sab ha , ▁that ▁a ▁debate ▁was ▁not ▁held . ▁ ▁Sim pl ification ▁Union ▁Government ▁sets ▁up ▁Ar bind ▁Mod i - led ▁panel ▁to ▁over ha ul , ▁simplify ▁income ▁tax ▁laws . ▁On ▁ 2 2 ▁November ▁ 2 0 1 7 , ▁the ▁government ▁formed ▁a