Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025

A Lok Sabha Select Committee has proposed 285 changes to the Income Tax Bill, 2025, with 250 recommendations already accepted by the government. The aim is to simplify and modernize India's tax laws, with a key proposal for time-bound resolution of tax litigations. The draft bill, now reduced from 850 pages to 600, focuses on textual and structural clarity, policy continuity, and maintaining tax rates. Expected to be tabled in the Monsoon Session on July 21, these changes seek to eliminate redundant provisions, reorganize sections, and make the law more accessible, enhancing ease of doing business.