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Income Tax Bill 2025 Withdrawn, Centre To Introduce New Bill on Aug 11 | What New IT Bill Proposes
Posted
August 8, 2025
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3:51Now PlayingOn August 8th, the government officially withdrew the Income-Tax Bill, 2025, from the Lok Sabha. Originally introduced on February 13, 2025, the bill aimed to overhaul and replace the existing Income-Tax Act of 1961, which has governed the country’s direct taxation framework for over six decades. The decision to pull back the proposed legislation comes amid ongoing consultations and feedback from stakeholders, suggesting that the government may be considering revisions before presenting a more refined version. A new bill is expected to be introduced on August 11.
#incometax #incometaxnews #nirmalasitharaman #nirmalasitharamannews #loksabha #incometaxupdate #englishnews #mirrornow
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