Revised New Income Tax Bill 2025 Passed In Lok Sabha: What Are The Changes Suggested By Parliamentary Panel?
Last Updated:August 11, 2025, 17:33 is The 31-member committee, chaired by BJP MP Baijayant Panda, submitted a 4,575-page report last month, making 285 recommendations, including 32 major changes to the draft bill. The updated income tax bill seeks to overhaul India’s tax framework by replacing the six-decade-old Income Tax Act, 1961, with a modernised law…