Personal Finance11mo
by SparklyCupcakeConsultant
CosmicTaco
Lok Sabha Forms Select Committee for Income-Tax Bill 2025
- Lok Sabha Speaker Om Birla has constituted a 31-member Select Committee to examine the Income-Tax Bill, 2025, with BJP MP Baijayant Jay Panda as chairman.
- The committee includes 17 MPs from the ruling NDA and 13 from the Opposition, with a report due by the first day of the Monsoon session.
- The Bill aims to simplify tax terminology, replacing terms like 'assessment year' with 'tax year'.
Source: The Hindu, Hindustan Times, Ndtv
5mo ago
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