Income Tax Bill, 2025
The Income Tax Bill, 2025 has been tabled in Lok Sabha by Smt. Nirmala Sitharaman, the Hon’ble Finance Minister, on 13.02.2025.
The debate on the new Income Tax Bill can be check here.
The Income Tax Bill, 2025 contains:
- 536 Sections
- 16 Schedules
and the Income Tax Bill, 2025 divided into 23 Chapters.
Clause wise Details of the Bill: New Income Tax Bill 2025 – Clause wise details of the Income Tax Act 2025
The Preamble of the Income Tax Bill is simple as “to consolidate and amend the law relating to income-tax.”
On 13.02.2025, a motion has been passed in the Parliament to constitute a committee which will make report on the first day of the next session of the Lak Sabha.
Read also: Section Mapping | Income Tax Act, 1961 corresponding to Income Tax Bill, 2025
