US EditionNew Income Tax Bill Passed Without Debate Amid Opposition Uproar
NEW DELHI, AUG 11 – The Lok Sabha approved a streamlined tax law replacing the 1961 Act with over 285 committee recommendations to improve compliance and reduce litigation, amid opposition protests.
- On August 11, 2025, the Lok Sabha approved the second Income Tax Bill of 2025 along with the Taxation Laws Bill by voice vote, passing both without any discussion amid opposition disruptions related to the Bihar electoral roll revision.
- After withdrawing the original bill on August 8, Nirmala Sitharaman, the Finance Minister, presented a revised Income Tax Bill that includes nearly all recommendations from the Parliamentary panel.
- The Income Tax Bill consolidates and replaces the Income Tax Act, 1961, adopting global best practices while streamlining TDS, exemptions, and compliance provisions.
- The bill reduces complexity by halving word count, replaces assessment year with tax year, allows TDS refund claims on late returns, and cuts TDS correction time limit from six to two years.
- The Bills will next be considered by the Rajya Sabha before being sent to the President for assent, after which they will become law effective April 1, 2026, potentially allowing tax authorities digital access to accounts in cases of suspected evasion.
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New Income Tax Bill Passed Without Debate Amid Opposition Uproar
New Income Tax Bill Passed Without Debate Amid Opposition Uproar In a turn of events at the Lok Sabha, the newly minted Income Tax (No.2) Bill, 2025 was passed without any debate. This move follows hours after Finance Minister Nirmala Sitharaman introduced the bill to the House.The bill’s swift passage occurred despite protests from opposition parties, who were demanding a separate debate on the Special Intensive Revision of electoral rolls in B…
·India
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Total News Sources19
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 17%
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