The new Income Tax Bill will be presented on 13 February, and preparations to send it to the parliamentary committee; Know what the government's plan is.


Posted on 12th Feb 2025 11:08 am by rohit kumar

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.'

 

Did you know?Explore Trending and Topic pages for more stories like this.

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.

1 Like 0 Dislike
Previous news Next news
Other news

Sardar Patel's 150th birth anniversary: ​​'Sardar Patel is not a person, he is an ideology', says Home Minister Amit Shah in Patna

A press conference was held today in Patna by the Union Home Ministry. Union Home Minister Amit S

Operation Sindoor: Pakistan was eyeing the mock drill, then India carried out Operation Sindoor; Know everything about this

India took revenge for the sindoor that was wiped off from the foreheads of Indian women by Pakis

iPhone 18 Pro, Pro Max Sale Begins: Huge Queues Outside Apple Stores in Delhi, Mumbai, Bengaluru

Apple has officially started selling the iPhone 18 Pro and iPhone 18 Pro Max in India on Friday,

'We pray for his relief, Sonu Sood prays for Rajpal's bail before the court hearing

The Delhi High Court is scheduled to hear today the bail plea of ​​Rajpal Yadav, who is lodge

Tiranga Yatra: CM Yogi said- Whoever points a finger towards India, there will be no one to cry at his funeral

Chief Minister Yogi Adityanath said that patience and unity are our biggest assets during a natio

LPG Cylinder, Milk Prices Rise: Commercial Gas Up ₹11.50, Mumbai Milk ₹9 Costlier; Sugar Rule Changed

Several major economic and business developments are in focus on September 2, 2026. Commercial LP

Sana Mir: Sana Mir has crossed all limits of shamelessness! After her controversial statement, the former Pakistan captain is now seen offering clarification.

A major controversial incident occurred during the match between Pakistan and Bangladesh in the 2

UP Budget 2025: Specialist doctors will be available, testing facilities will improve, health services will get wings

Health facilities in Uttar Pradesh will get wings. A provision of Rs 50550.42 crore has been made

Jamiat Chief Madani: Maulana Madani said that Jihad should be taught in schools; he also took a dig at Congress; know what he said?

Maulana Mahmood Madani, on behalf of Jamiat Ulama-e-Hind, once again spoke on burning issues like

Pop Francis Death: Three days of state mourning in India in honor of Pope Francis, PM Modi, and other big personalities expressed grief.

Pope Francis, the first Latin American of the Roman Catholic Church, died on Monday morning i.e.

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash