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<h1>Expert Input Sought on Draft Income Tax Bill-2025 to Streamline Tax Laws and Enhance Regulatory Compliance</h1> A parliamentary panel is seeking expert suggestions on the draft Income Tax Bill-2025, which aims to simplify income tax laws. The Select Committee of Lok Sabha, chaired by a senior political leader, has invited views from industry associations and stakeholders. Interested parties can submit memoranda in English and Hindi to the Lok Sabha Secretariat. The bill, tabled by the Finance Minister, intends to replace the existing Income Tax Act and is set to take effect from April 1, 2026.