Nirmala Sitharaman tables revised Income Tax Bill 2025 in Lok Sabha
The Finance Minister tabled the modified new Bill following suggestions made by the Select Committee led by BJP MP Baijayant Panda to the original version of the Income Tax Bill, 2025.
On Friday, Sitharaman had withdrew the original version of the New Income Tax Bill, 2025, during the Monsoon Session of the Lok Sabha.
Parliamentary Affairs Minister Kiren Rijiju on Saturday had confirmed Nirmala Sitharaman would present the modified version of the Bill in the Parliament on August 11.
'It is being presumed that there will be an absolutely new bill, ignoring the earlier bill for which a lot of work was done, and all the work done and time spent will go down,' Rijiju had said.
Upon withdrawing the old version of the New Income Tax Bill, the Centre had said that it would release an updated version that incorporated suggestions made by the 31-member Select Committee of the Parliament.
Nirmala Sitharaman had withdrawn the earlier version of the Bill on Friday to avoid confusion by multiple versions of the Bill and to provide a clear and updated version with all the changes.
(This is a developing story. Check back for updates)
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