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.
Was Esha Gupta Hardik Pandya's dream girl? The bold queen said- we were on a dating stage...
Along with Hardik Pandya's cricket career, his fans are also impatient to know about his love lif
Astronaut Shubhanshu Shukla returned to India early Sunday. A large number of people gathered at
Prime Minister Narendra Modi on Tuesday said he was proud of the way multi-party parliamentary de
Deepti, who is religious by nature, met Saint Premanand Maharaj in Mathura last year. During this
Apple has launched the all-new iPhone 17 series at its 'Awe Dropping' launch event on September 9
The England cricket team has announced its playing XI for its first match of the Champions Trophy
Former Indian captain Mohammad Azharuddin has expressed concern over the Asia Cup match between I
Now everyone will get cheap medicines, government will open 25 thousand new Jan Aushadhi Kendras.
More than 15,000 Jan Aushadhi Kendras have been opened across the country so far and the governme
Union Home Minister Amit Shah on Friday hit back at Tamil Nadu Chief Minister M.K. Stalin. Apart
Based on the brilliant innings of captain Shubman Gill (90) and Sai Sudarshan (52), Gujarat Titan
