Income Tax bill withdrawn, updated version to be tabled on Aug 11

Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the legislation after incorporating changes suggested by the Select Committee.

A new version of the Income Tax Bill will be introduced in the Lok Sabha on August 11.

The updated



version of the I-T Bill, according to sources, will incorporate most of the recommendations of the Select Committee.

“To avoid confusion by multiple versions of the Bill and to provide a clear and updated version with all changes incorporated, the new version of the Income Tax Bill will be introduced for the consideration of the House on Monday,” sources said.