Govt lists Income-Tax Bill, 2025 for introduction in Lok Sabha on Feb 13

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.

The report of the joint committee of Parliament on the Waqf (Amendment) Bill has been listed for presentation in the Lok Sabha on Thursday.

The report was submitted to Lok Sabha Speaker Om Birla on January 30.

According to the agenda for Thursday circulated on Wednesday evening, panel chief Jagdambika Pal will table the report along with "record of evidences".