{"id":4231,"date":"2025-08-11T02:11:06","date_gmt":"2025-08-11T02:11:06","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/11\/fm-sitharaman-to-introduce-new-income-tax-bill-in-lok-sabha-today-what-to-expect-tax-news\/"},"modified":"2025-08-11T02:11:06","modified_gmt":"2025-08-11T02:11:06","slug":"fm-sitharaman-to-introduce-new-income-tax-bill-in-lok-sabha-today-what-to-expect-tax-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/11\/fm-sitharaman-to-introduce-new-income-tax-bill-in-lok-sabha-today-what-to-expect-tax-news\/","title":{"rendered":"FM Sitharaman To Introduce New Income Tax Bill In Lok Sabha Today: What To Expect | Tax News"},"content":{"rendered":"


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Union Finance Minister Nirmala Sitharaman will introduce the revised Income-tax Bill, 2025, in the Lok Sabha<\/h2>\n
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Union Finance Minister Nirmala Sitharaman. (File)<\/p>\n<\/figure>\n

Parliament News Today:<\/strong> Union Finance Minister Nirmala Sitharaman will introduce the revised Income-tax Bill, 2025, in the Lok Sabha today, replacing the original draft tabled on February 13, 2025.<\/p>\n

The earlier version was formally withdrawn, drawing criticism over the time and effort spent on its drafting. The government, however, maintains the move is aimed at ensuring legislative clarity and efficiency.<\/p>\n

Sitharaman said the fresh draft incorporates technical corrections, including improved phrasing, drafting refinements, and better cross-referencing. A key factor behind the overhaul was the extensive feedback from the Select Committee of Parliament, chaired by BJP MP Baijayant Panda.<\/p>\n

Parliamentary Affairs Minister Kiren Rijiju rejected suggestions that the earlier work had gone to waste. \u201cWhen a parliamentary committee submits a report with several proposed amendments, and many are accepted, the standard practice is to withdraw the original Bill and present a revised version,” he said.<\/p>\n

He noted that adopting over 285 suggested changes \u2014 including 32 major ones \u2014 through the amendment route would have required three separate motions for each, making the process unviable. \u201cWithdrawing and reintroducing the Bill saves time and ensures procedural efficiency,” Rijiju added.<\/p>\n

The new draft is expected to include most of the committee\u2019s recommendations. Key provisions include:<\/strong><\/p>\n