The new Income Tax Bill will be introduced in the Lok Sabha on Thursday. The Union Cabinet gave its approval to this bill last week. Sources said that the government wants to have a detailed discussion on the bill and the bill is likely to be sent to the Select Committee for in-depth discussion.
Sitharaman had earlier indicated that the bill would be sent to the Parliamentary Committee for scrutiny. He said, 'The process is that the committee makes its recommendations, they come back and then the government considers through the Cabinet whether to accept these amendments or not.'
There are still many stages left.
It is worth noting that in the budget of July 2024, the government proposed a comprehensive review of the Income Tax Act, 1961. Its objective was to make the Act concise and clear and reduce disputes and litigation.
Let us tell you that after the recommendations of the Parliamentary Committee, the bill will be sent to the Cabinet again. If it gets approval from the Cabinet, then it will be introduced in Parliament again. The Finance Minister had said that it has to go through three important stages.
Last day on 13 February
The current budget session of Parliament is ending on 13 February. On this day, the government will present the new Income Tax Act and send it to the Parliamentary Committee. The purpose of this new bill is to simplify the income tax law for the common people.
The government has already made it clear that no tax burden will be imposed in the new bill. Its purpose is also to reduce tax disputes.
Singer-rapper Badshah is currently on his 'Unfinished USA Tour' in the USA, where he is making wa
Gold-Silver Price: Silver prices jump by Rs 14,500, gold reaches Rs 1.60 lakh, know today's update
Gold and silver prices continued to rise. Silver rose by ₹14,530 to ₹2.67 lakh per kg. Gold p
A total of 16 contestants entered the controversial reality show Bigg Boss Season 19, including s
The audience is eagerly waiting for Aamir Khan's much-awaited film 'Sitare Zameen Par'. After the
Prime Minister Narendra Modi attended the 'Navkar Mahamantra Diwas' program at Vigyan Bhavan in N
Indian cricketer Virat Kohli has been a topic of discussion on social media since liking Avneet K
Australian team captain Steve Smith announced his retirement from ODI cricket. The Indian team de
Big screen superstars also rule the hearts of television audiences. While they may not be part of
SIR in UP: The date for the SIR process has been extended in UP. BLOs have the 2003 voter list.
To ensure transparency and ease of district election operations, District Magistrate Santosh Kuma
A major update has emerged from the two-match Test series between India and South Africa. Captain
