New Delhi:The government has listed a bill to consolidate and amend the law relating to income tax for introduction in the Lok Sabha on Thursday.
Govt Lists Income-Tax Bill, 2025 For Introduction In LS 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.
File photo of Nirmala Sithraman (IANS)
By PTI
Published : Feb 12, 2025, 10:14 PM IST
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 the previous year with easier-to-understand 'tax year' as part of a move to simplify language while removing provisos and explanations.