Money Today
February 13, 2025 at 01:58 PM
*Income Tax Bill, 2025: During the introduction of the new Income Tax Bill 2025 by Finance Minister Nirmala Sitharaman in the Lok Sabha, she emphasized that it is more than just a mechanical alteration to replace the existing Income Tax Act 1961.*
➡️ Following this, she promptly requested Lok Sabha Speaker Om Birla to form a Select Committee to review the Bill. She indicated that the committee should aim to present its findings by the commencement of the next session (Monsoon Session).
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