https://www.taxtmi.com/news?id=34140 A 31 member Select Committee of the Lok Sabha has been constituted to examine the Income Tax Bill and must submit its report by the first day of the next session; the Bill proposes drafting reforms, including replacing "assessment year" and "previous year" with the term tax year and removing provisos and explanations to simplify statutory language. en-us Fri, 14 Feb 2025 23:31:04 +0530 Fri, 14 Feb 2025 23:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34140 A 31 member Select Committee of the Lok Sabha has been constituted to examine the Income Tax Bill and must submit its report by the first day of the next session; the Bill proposes drafting reforms, including replacing "assessment year" and "previous year" with the term tax year and removing provisos and explanations to simplify statutory language. News - Fri, 14 Feb 2025 23:31:04 +0530 https://www.taxtmi.com/news?id=34140