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I-T Bill 2025 referred to Parliament's select committee

A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the existing tax code by reducing the number of sections and word count significantly,
The article discusses the introduction of the Income Tax Bill 2025 in the Indian Parliament, which has now been referred to a Select Committee for further scrutiny. This bill aims to overhaul the existing tax structure to make it more progressive and efficient. Key features include adjustments to tax slabs, the introduction of new tax exemptions, and measures to curb tax evasion. The referral to the Select Committee indicates a thorough review process, where inputs from various stakeholders will be considered to refine the legislation before it potentially becomes law. This step is part of the government's broader economic reform agenda to simplify tax procedures and enhance compliance.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/i-t-bill-2025-referred-to-parliament-s-select-committee/ar-AA1z1kj6 ]