New Income Tax Bill set for discussion in monsoon session: Sitharaman

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New Income Tax Bill set for discussion in monsoon session: Sitharaman - Business Standard

Quick Summary:

The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday.

The Select Committee has been mandated to submit its report by the first day of the next session of Parliament."...we will take it (new income tax bill) up in the monsoon session," Sitharaman said.

Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Sitharaman said the new income tax bill, which was introduced in the House on February 13, is currently being vetted by the Select Committee.