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.
In the last episode of Bigg Boss Season 19, Gaurav Khanna and Tanya Mittal got into an argument.
After heavy rains on Tuesday, a cloud burst in Dharali, Uttarkashi, Uttarakhand, causing terrible
The terrorists involved in the attack near Delhi's Red Fort, who were part of a sophisticated ter
Bengal's voter list includes 4.7 million voters who are no longer alive. Of these, 3.4 million ha
Jyoti Malhotra's father Harish Malhotra, accused of espionage, said on Thursday that he did not h
Bigg Boss 19 is getting very exciting this week. Recently, the quarrel between Kunika and Tanya c
For the first time, the Indian government has officially informed about sending 104 Indians livin
Today is the second day of PM Modi's Bihar tour. Today PM Modi will address a public meeting in B
PM Modi: PM Modi's post on India's Asia Cup win goes viral, reposted 1.09 lakh times
Prime Minister Narendra Modi's congratulatory message to the Indian cricket team for winning the
Padma Vibhushan Jagadguru Ramanandacharya Swami Rambhadracharya has directly challenged Saint Pre
