Govt Lists Income-Tax Bill, 2025 For Introduction In LS On Thursday

2025-02-12 03:18:08

(MENAFN- Kashmir Observer) New Delhi- The government has listed a bill to consolidate and amend the law relating to income-tax for introduction in the Lok Sabha on Thursday.

According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman will introduce the Income-Tax Bill, 2025.

The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and explanations.

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