The Centre has withdrawn the Income Tax Bill 2025 in the Lok Sabha, planning to reintroduce a revised version with key updates and reforms on August 11.
The much-anticipated Income Tax Bill 2025 is set to be introduced in the Lok Sabha on February 13, 2025. This landmark legislation aims to simplify and modernize India’s tax system, replacing the Income Tax Act of 1961, which has undergone multiple amendments over six decades.
