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Mar 19, 2025
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Income Tax Bill 2025: Centre seeks public input on bill, launches eportal
The Central Board of Direct Taxes (CBDT) has invited public input on the Income Tax Bill, 2025, which was introduced in the Parliament on February 13 and is currently under review by a Select Committee. As part of the consultation process, the board has launched an online portal where stakeholders can submit suggestions regarding tax rules and related forms, the Ministry of Finance said in a statement on Tuesday.
The new Income Tax Bill aims to ensure greater transparency, simplify tax compliance, and eliminate outdated provisions from the existing Income-tax Act, 1961. The bill represents a major overhaul of India's tax framework, addressing issues that have evolved over the past six decades.
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