
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.
West Bengal Governor CV Anand Bose will visit Murshidabad today. After meeting the victims, the G
On the occasion of the death anniversary of Pandit Deendayal Upadhyay, Chief Minister Yogi Aditya
After Bollywood actress Urvashi Rautela, former MP Mimi Chakraborty, former cricketer Suresh Rain
The body of social media influencer Kamal Kaur alias Kanchan Kumari was recovered from a car park
In the IPL 2026 mini-auction to be held in Abu Dhabi on Tuesday, Australia's Cameron Green appear
India's star fast bowler Mohammed Shami and his wife, Hasin Jahan, are in the news these days. Th
New revelations are constantly being made about the Raja Raghuvanshi murder case. Raja's elder br
The former Tamil Nadu Congress chief has made a controversial statement about Kangana Ranaut. He
The rape of a medical student in Durgapur, West Bengal, is constantly in the news. Yesterday, Chi
Indian cricketer Rinku Singh has tied the knot. On Sunday, the star player got engaged to Samajwa