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  Lok Sabha Select Committee, chaired by Baijayant Jay Panda, to examine Income Tax Bill on March 6,7

  India | March 04, 2025 18:17 IST

  The New Income Tax Bill was introduced in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Feb 13. The bill will replace the Income Tax Act of 1961.

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  Lok Sabha Speaker constitutes 31-member Select Committee to examine New Income Tax Bill | Full list

  India | February 15, 2025 6:44 IST

  New Income Tax Bill: On February 14, Union Finance Minister Nirmala Sitharaman had introduced the Income Tax Bill, 2025, in the Lok Sabha and urged Speaker Om Birla to refer it to a select committee of the House.

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  Union Finance Minister Nirmala Sitharaman introduces Income Tax Bill in Lok Sabha

  India | February 13, 2025 15:01 IST

  Union Finance Minister Nirmala Sitharaman introduces the Income Tax Bill in Lok Sabha. The Bill comprises 536 sections, 16 schedules and 23 chapters.

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  New Income Tax Bill set to be introduced in Lok Sabha today: Here's what to expect

  India | February 13, 2025 6:21 IST

  New Income Tax Bill: The much-anticipated bill is set to bring a major shift in tax terminology to make it simpler and more accessible for taxpayers. As part of the simplification process, terms like 'assessment year' and 'previous year' will be replaced with the more straightforward 'tax year'.

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  New Income Tax Bill gets Cabinet approval, likely to be introduced in Parliament next week: Sources

  February 08, 2025 0:01 IST

  In her Budget speech on July 23, 2024, Union Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act, 1961, within six months. The income tax department has received 6,500 suggestions from stakeholders on review of the Income Tax Act.