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The Select Committee of the Lok Sabha on the proposed Income-Tax Bill, 2025 convened a crucial meeting today at Parliament House, New Delhi. Chaired by BJP Member of Parliament Baijayant Panda, the 31-member panel is actively reviewing the draft legislation aimed at overhauling and streamlining Indi
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FAQ :
The Income Tax Bill 2025 aims to overhaul and streamline India's income tax laws by consolidating and amending existing provisions.
The Select Committee of the Lok Sabha, a 31-member panel chaired by MP Baijayant Panda, is reviewing the bill.
The committee is expected to submit its report on the first day of the Monsoon Session of Parliament.
The panel is examining provisions such as tax slab rationalisation, digital compliance mechanisms, and simplification of filing procedures.
The government's objective is to modernise the income tax framework, making it more transparent, equitable, and taxpayer-friendly.
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