*"Breaking Down the Income Tax Bill, 2025: A Closer Look at the Select Committee."* The Lok Sabha Speaker has taken a significant step towards refining the Income Tax Bill, 2025, by constituting a 31-member Select Committee to review the legislation . This committee, chaired by senior BJP leader and MP Baijayant Panda, will scrutinize the bill's provisions before it becomes law. *Key Objectives of the Select Committee* - Examine the Income Tax Bill, 2025, in its entirety - Identify areas requiring amendments or clarification - Ensure the bill aligns with the government's tax policy objectives *Composition of the Select Committee* The committee comprises 31 MPs, including: - 17 members from the National Democratic Alliance (NDA) - 13 members from opposition parties - Chairperson: Baijayant Panda, senior BJP leader and MP *Timeline for the Committee's Report* The Select Committee is expected to submit its report by the start of the Monsoon session. This timeline allows for a thorough examination of the bill and ensures that the committee's recommendations are incorporated into the final legislation. By forming this Select Committee, the Lok Sabha Speaker has demonstrated a commitment to transparency and accountability in the legislative process. As the committee begins its work, taxpayers and stakeholders can expect a more refined and effective Income Tax Bill, 2025.