New Income Tax Bill 2025: ICAI Submits Suggestions to Parliament슬롯사이트™s Select Committee, Seeks Lesser Number of Sections and Simplifying Language
Chartered accountants' apex body ICAI on Thursday submitted its suggestions to the Lok Sabha Select Committee examining the new Income Tax Bill, including seeking lesser number of sections and simplifying the language in the proposed legislation.
New Delhi, March 6: Chartered accountants' apex body ICAI on Thursday submitted its suggestions to the Lok Sabha Select Committee examining the new Income Tax Bill, including seeking lesser number of sections and simplifying the language in the proposed legislation. The 31-member committee, headed by BJP MP Baijayant Panda, has been mandated to submit its report by the first day of the next Parliament session. Meeting of Select Committee of Lok Sabha to Examine New Income Tax Bill Underway in Parliament.
The Institute of Chartered Accountants of India (ICAI) has suggested reducing the number of sections in the proposed bill by 90 to 100, its President Charanjot Singh Nanda said. Currently, the bill has 536 sections. Besides, the institute has made suggestions on ways to reduce litigations and simplify the language of the bill further, he added. Income Tax Officers Might Have Legal Right To Access Your Emails, Social Media and Bank Accounts From April 2026 슬롯사이트� How Will It Impact Taxpayers?.
"We want to support the government," Nanda said at a briefing in the national capital. The bill was introduced by Finance Minister Nirmala Sitharaman in Lok Sabha last month.