Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025

Last updated: 18 July 2025


The Select Committee of the 18th Lok Sabha has finalized the Income-Tax Bill, 2025, as amended and reported in July 2025. Once enacted, the new law will come into force from April 1, 2026, replacing the archaic Income-tax Act of 1961. This sweeping overhaul introduces comprehensive changes across th
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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