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.'

 

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.

Other news

'The establishment of the Sangh on Vijayadashami 100 years ago was no coincidence,' said PM Modi at the RSS centenary celebrations.

Prime Minister Narendra Modi has arrived in New Delhi for the RSS centenary celebrations. He also

Fighter Jet Crashes In Rajasthan: Major accident in Churu, Rajasthan, Air Force fighter plane crashes

A major plane crash has happened in Churu, Rajasthan. A fighter plane of the Air Force suddenly c

Salman Khan: Did Salman Khan hint about marriage? He said- 'One day I will also...'

It seems that Salman Khan wants to get married soon and also wants children. On Wednesday, Salman

Sidhu-Gambhir Dance: 'Sauda Khara-Khara', coach Gambhir did Bhangra with Sidhu in celebration of victory.

India won the title by defeating New Zealand in the final of the Champions Trophy 2025. After thi

India 16th Census: Census notification issued, 35 lakh+ workers will work digitally; Mobile app in 16 languages

The central government has announced that the Census of India's population will be conducted duri

Raja Ram's Pran Pratishtha in Ram Mandir, 45 kg gold used in building the temple; This arrangement will be made for darshan

A total of 45 kg of gold has been used in the Ayodhya Ram temple. Which is 100 percent pure. Its

Dead Economy Row: Rahul got into trouble for supporting Trump's comment on the Indian economy; his party showed him the mirror

Apart from tariffs, US President Donald Trump is also in the news for his comments on India's eco

Ranveer Allahbadia: Ranveer Allahbadia made an emotional post for himself, wrote- Life is a storm...

Ranveer Allahbadia on Monday night (April 14) took to his Instagram to share a post that grabbed

Ranveer Allahbadia: Samay Raina and Ranveer Allahabadia will be banned, AICWA said- legal action should be taken.

The All India Cine Workers Association has strongly condemned the comments made by YouTuber Ranve

Only Hindus, Buddhists, and Sikhs are Scheduled Castes, CM Fadnavis said- SC caste certificates obtained by conversion will be cancelled.

Maharashtra Chief Minister Devendra Fadnavis on Thursday said that if a person of any religion ot