Income Tax Bill 2025: Select Committee Report to be Tabled in Lok Sabha Amidst Uproar

New Delhi: The much-anticipated report of the Select Committee on the Income-Tax Bill, 2025, is scheduled to be tabled in the Lok Sabha today. The bill, which proposes significant changes to India’s income tax structure, has been under intense scrutiny and debate.

Lok Sabha Adjourned Amidst Opposition Protests

Proceedings in the Lok Sabha have been disrupted by persistent protests from opposition parties on a variety of issues. The House has been adjourned twice already and is currently adjourned until 2:00 PM. It remains to be seen whether the tabling of the report can proceed smoothly once the House reconvenes.

Key Aspects of the Income-Tax Bill 2025

While the full details of the Select Committee’s report are awaited, key aspects of the Income-Tax Bill 2025 are expected to include:

• Simplification of tax slabs and rates.
• Measures to promote digital transactions.
• Enhanced scrutiny and enforcement mechanisms to curb tax evasion.
• Provisions for incentivizing investment in infrastructure projects.

The bill aims to streamline the tax filing process and broaden the tax base, potentially leading to increased revenue for the government and a more equitable tax system for citizens.

Concerns and Expectations

Opposition parties have voiced concerns regarding the potential impact of the bill on different segments of the population, particularly small businesses and salaried individuals. They are demanding greater transparency and consultation to ensure that the bill addresses their concerns.

Business leaders and economists are keenly watching the developments, hoping that the bill will provide clarity and stability to the tax regime, fostering investment and economic growth. The government maintains that the bill is crucial for India’s long-term economic progress and fiscal sustainability.