New Income Tax bill introduced in LS; govt asks speaker to refer it to select committee of House

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..... New Income Tax bill introduced in LS; govt asks speaker to refer it to select committee of House
News and Press Release
Dated:- 13-2-2025
PTI
New Delhi, Feb 13 (PTI) Union Finance Ministe .....

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..... r Nirmala Sitharaman on Thursday introduced the Income Tax Bill, 2025, in the Lok Sabha and urged Speaker Om Birla to refer it to a select committee of the House. Opposition members opposed the Bill .....

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..... at the introduction stage but the House passed a motion by voice vote for its introduction. While moving the Bill for introduction, Sitharaman urged Birla to refer the draft law to a select committee .....

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..... of the House, which will submit its report by the first day of the next session. She urged the speaker to take a call on the proposed panel's composition and rules. The much-anticipated Bill wi .....

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..... ll replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language while removing prov .....

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..... isos and explanations. PTI GJS NAB SZM SZM Income Tax Bill, 2025 as introduced in the Lok Sabha as on 13-2-2025: PDF File
News - Press release - PIB .....

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