Government lists Income-Tax Bill, 2025 for introduction in LS on February 13

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.

PTI

Updated:12th Feb, 2025 at 10:34 PM

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.

Also read:No change in capital gains taxes under new income tax bill set for introduction in LS on Thursday

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Government lists Income-Tax Bill, 2025 for introduction in LS on February 13

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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