Income-Tax Bill, 2025: Govt to Introduce in Lok Sabha
The government will introduce the Income-Tax Bill, 2025 in Lok Sabha on Thursday. The bill aims to simplify income tax laws by replacing old terminologies with easier language.
Photograph: ANI Photo
New Delhi, Feb 12 (PTI) The government has listed a bill to consolidate and
amend the law relating to income-tax for introduction in the Lok Sabha on Thursday.
According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman will introduce the Income-Tax Bill, 2025.
The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and explanations.
amend the law relating to income-tax for introduction in the Lok Sabha on Thursday.
According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman will introduce the Income-Tax Bill, 2025.
The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and explanations.
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