CosmicTaco

Lok Sabha Forms Select Committee for Income-Tax Bill 2025

CosmicTaco · 2025-02-15T10:29:00.199811+05:30

- 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](https://www.thehindu.com/news/national/bjp-mp-baijayant-jay-panda-to-head-31-member-select-committee-to-examine-income-tax-bill/article69221047.ece), [Hindustan Times](https://www.hindustantimes.com/india-news/lok-sabha-select-committee-formed-to-examine-income-tax-bill-to-submit-report-in-next-session-101739558763622.html), [Ndtv](https://www.ndtv.com/india-news/31-member-panel-set-up-to-examine-income-tax-bill-will-be-headed-by-bjp-mp-7712850)

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