https://www.taxtmi.com/news?id=33354 A new income tax bill approved by the Union Cabinet is slated for introduction in the Lok Sabha and subsequent introduction in the Upper House, after which it will be referred to a parliamentary standing committee; the committee's recommendations will return to the Cabinet and the bill will be reintroduced in Parliament. The initiative is supported by a CBDT internal committee and 22 specialised sub committees to streamline the statute, reduce disputes, and provide greater tax certainty, replacing the Income Tax Act, 1961. en-us Sat, 08 Feb 2025 15:31:03 +0530 Sat, 08 Feb 2025 15:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33354 A new income tax bill approved by the Union Cabinet is slated for introduction in the Lok Sabha and subsequent introduction in the Upper House, after which it will be referred to a parliamentary standing committee; the committee's recommendations will return to the Cabinet and the bill will be reintroduced in Parliament. The initiative is supported by a CBDT internal committee and 22 specialised sub committees to streamline the statute, reduce disputes, and provide greater tax certainty, replacing the Income Tax Act, 1961. News - Sat, 08 Feb 2025 15:31:03 +0530 https://www.taxtmi.com/news?id=33354