Parliament to discuss new Income Tax Bill in Monsoon Session: Nirmala Sitharaman
The Hindu
New Income Tax Bill to be discussed in Monsoon Session, Union Finance Minister Nirmala Sitharaman tells Lok Sabha.
The new Income Tax Bill will be taken up for discussion in the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday (March 25, 2025).
Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Ms. Sitharaman said the new Income Tax Bill, which was introduced in the House on February 13, is currently being vetted by the Select Committee.
Parliament Budget Session: Follow LIVE updates on March 25, 2025
The Select Committee has been mandated to submit its report by the first day of the next session of Parliament.
"...we will take it (new income tax bill) up in the Monsoon Session," Sitharaman said.
WATCH | What’s in the new Income Tax Bill?
The Monsoon Session of Parliament is usually convened in July and runs through August.
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