Sansad Tv
The Income-Tax Bill, 2025 was introduced in Lok Sabha on February 13, 2025. It seeks to replace the Income-Tax Act, 1961. The Bill retains most of the provisions of the 1961 Act. It primarily aims to simplify the language and remove redundant provisions. In a significant development, the Select Committee of the Lok Sabha has tabled its detailed report on the Income-Tax Bill, 2025, presenting substantive observations and recommendations aimed at improving clarity, coherence, and fairness in the proposed legislation.
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