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

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

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.... 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 a....

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....t 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&#39;s composition and rules. The much-anticipated Bill wil....

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....l replace terminologies such as &quot;assessment year&quot; and &quot;previous year&quot; with the easier-to-understand &quot;tax year&quot; as part of a move to simplify language while removing provi....

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