The Monsoon Session of Parliament begins July 21 and continues through August 21. Sampadak Express confirms that the central government will present the Income Tax Bill 2025 on the very first day of the session.
A 31-member Select Committee, chaired by BJP leader Baijayant Panda, unanimously adopted the bill. The committee added 285 targeted suggestions to refine its language, improve structure, and simplify tax procedures. With this step completed, the bill now moves toward formal introduction and approval.
What Sampadak Express Uncovered
The proposed legislation spans 3,709 pages and replaces the Income Tax Act of 1961, which has endured over 4,000 amendments across 65 revisions. As per Sampadak Express insights, the new draft will:
- Use clear and concise wording.
- Remove overlapping sections.
- Streamline filing procedures for better usability.
Government sources indicate the law, once passed, will take effect from April 1, 2026. This initiative sets a fresh direction for India’s taxation policies.
Sampadak Express Highlights Key Features
The bill stands out for several reasons:
- It simplifies taxation for ordinary citizens.
- It improves filing ease through updated compliance rules.
- It gained committee approval without facing opposition, a rare feat that Sampadak Express notes with interest.
What Comes Next in the Legislative Pipeline?
Beyond the tax bill, the government will present eight additional bills in the same session. These include:
- National Sports Administration Bill
- Indian Institutes of Management (Amendment) Bill
- Anti-Doping Law (Amendment)
- Manipur GST (Amendment)
- Taxation Laws (Amendment)
Other bills focus on heritage site preservation and mining regulations.
Stay connected to Sampadak Express for exclusive coverage as the Monsoon Session unfolds. We’ll continue to bring you credible insights, bold headlines, and simplified breakdowns of complex reforms.
