Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
New income tax bill to be tabled in monsoon session
Mint New Delhi
|March 26, 2025
Select committee has been mandated to submit report on new bill, says finance minister
Finance minister Nirmala Sitharaman on Tuesday said the new income tax bill, currently under review by a select committee, will be taken up for discussion in the upcoming monsoon session of Parliament.
Speaking in the Lok Sabha during a discussion of the finance bill, Sitharaman said the select committee has been mandated to submit its report by the first day of the next session.
"I am also glad to say that through this finance bill, we have brought in the new income tax bill. I have not presented it as part of the finance bill... It's gone into a select committee review, after which we will take it up (in Parliament)," Sitharaman said.
"...Hopefully we will have it (the income tax bill) taken up for discussion in this House during the monsoon session," she added.
The Lok Sabha has constituted a 31-member select committee, chaired by BJP lawmaker Baijayant Jay Panda, to examine the Income Tax Bill 2025.
This story is from the March 26, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Sebi now trains sights on commodity derivatives
Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).
2 mins
November 28, 2025
Mint New Delhi
Refiners, SCI tap Korean giants for local shipyard
Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions
4 mins
November 28, 2025
Mint New Delhi
360 One, Steadview, others to invest in Wakefit ahead of IPO
A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.
3 mins
November 28, 2025
Mint New Delhi
Would you like to be interviewed by an AI bot instead?
I don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.
3 mins
November 28, 2025
Mint New Delhi
India, UAE review trade agreement to ease market access
Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.
1 mins
November 28, 2025
Mint New Delhi
It's a multi-horse Street race now as Smids muscle in
For years, India’s stock market ran on the shoulders of a few giants. Not anymore.
3 mins
November 28, 2025
Mint New Delhi
The curious case of LIC's voting on RIL, Adani resolutions
Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.
8 mins
November 28, 2025
Mint New Delhi
Investors expect AI use to soar. That's not happening
On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.
4 mins
November 28, 2025
Mint New Delhi
CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD
Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots
8 mins
November 28, 2025
Mint New Delhi
Gupta pilfered from fraud, Trafigura says
Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.
1 min
November 28, 2025
Listen
Translate
Change font size