
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.
Actress Barkha Singh is active on OTT these days. Barkha, who was seen in the role of young lawye
In recent days, affected IndiGo flights have caused inconvenience to millions of people. The Indi
Delhi Traffic Advisory on Chhath Puja: Large crowds are expected at various ghats across Delhi du
Former Indian cricketer Suresh Raina has reached the Enforcement Directorate office in Delhi. He
Politics over language is at its peak in Maharashtra. The war of words between MNS chief Raj Thac
Punjab Kings team has reached the final of IPL 2025. It defeated Mumbai Indians by five wickets i
Rohit Sharma celebrated his return to the Vijay Hazare Trophy in grand style, scoring a century a
A controversy erupted on Sunday after the ICC did not invite Pakistan Cricket Board officials on
Tamil Nadu stampede case: Supreme Court to hear today, Madras High Court order challenged
The Supreme Court will hear a petition filed by Tamil actor Vijay's political party, Tamilaga Vet
After the terrorist attack in Pahalgam on 22 April, India carried out Operation Sindoor and destr