The Select Committee of Lok Sabha on the new Income Tax Bill – 2025 today held a meeting at the Parliament House in New Delhi. The 31-member panel is headed by BJP MP Baijayant Panda. The Committee will submit its report on the first day of the Monsoon session of Parliament.
The Income-Tax Bill 2025 aims at consolidating and amending the law relating to income tax. It was introduced in the Lok Sabha during the first-half of Budget session of Parliament. Later the draft law was refered to the Select Committee of the House.