Lok Sabha Speaker Forms Select Committee to Review Income Tax Bill, 2025

By Kavi Priya - On February 15, 2025 12:53 pm - 2 mins read
Lok Sabha Speaker - Forms Select Committee - Review Income Tax Bill- 2025 - taxscan

The Lok Sabha Speaker has constituted a 31-member Select Committee to examine the Income-Tax Bill, 2025. Senior BJP leader and MP Baijayant Panda has been appointed as the Chairperson of the committee, which is tasked with scrutinizing the provisions of the new tax legislation before it is passed into law.

The announcement was made through Lok Sabha Bulletin-Part II, listing the composition of the Select Committee, which includes a mix of ruling party MPs and opposition leaders, ensuring a broad representation.

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Committee Composition and Key Members

The 31-member panel comprises parliamentarians from various parties, reflecting the multi-party nature of the Indian Parliament. The ruling National Democratic Alliance (NDA) has a majority in the committee, with significant representation from the Bharatiya Janata Party (BJP), Janata Dal (United) (JD-U), Telugu Desam Party (TDP), and Shiv Sena.

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List of members of the Select Committee of Lok Sabha to examine the Income-Tax Bill, 2025:

  1. Shri Baijayant Panda (Chairperson)
  2. Dr. Nishikant Dubey
  3. Shri Jagadish Shettar
  4. Shri Sudheer Gupta
  5. Shri Anil Baluni
  6. Shri Raju Bista
  7. Shri Eatala Rajender
  8. Shri Vishnu Dayal Ram
  9. Shri Mukeshkumar Chandrakaant Dalal
  10. Shri P P Chaudhary
  11. Shri Shashank Mani
  12. Shri Bhartuhari Mahtab
  13. Shri Naveen Jindal
  14. Shri Anurag Sharma
  15. Shri Deepender Singh Hooda
  16. Shri Benny Behanan
  17. Shri Vijayakumar Alias Vijay Vasanth
  18. Dr. Amar Singh
  19. Adv Gowaal Kagada Padavi
  20. Md. Rakibul Hussain
  21. Shri Lajli Verma
  22. Adv Priya Saroj
  23. Ms Mahua Moitra
  24. Dr. Kalanidhi Veeraswamy
  25. Shri Daggumalla Prasada Rao
  26. Shri Kaushalendra Kumar
  27. Shri Arvind Ganpat Sawant
  28. Smt. Supriya Sule
  29. Shri Ravindra Dattaram Waikar
  30. Shri K N Premachandran
  31. Shri Richard Vanlalhmangaiha

The inclusion of opposition leaders such as Mahua Moitra, Supriya Sule, and Deepender Singh Hooda suggests that the committee will facilitate detailed discussions on various provisions of the bill.

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The Income-Tax Bill, 2025, introduced by Finance Minister Nirmala Sitharaman on February 14, 2025, aims to replace the six-decade-old Income Tax Act, 1961. It seeks to simplify tax laws, reduce litigation, and streamline the tax structure for better compliance and ease of doing business.

Some of the major reforms in the Income-Tax Bill, 2025 include:

  • Reduction in the number of sections from 298 to 536 and pages from over 800 to 622, making the tax code more concise.
  • Introduction of a ‘tax year’ concept, replacing the existing ‘assessment year’ and ‘previous year’ structure.
  • Expanded powers for tax authorities, allowing access to electronic records, emails, social media, and online banking transactions of taxpayers during searches. This provision has sparked debates on privacy concerns and potential misuse.

The Select Committee will thoroughly examine these provisions before presenting its report and recommendations to the Lok Sabha.

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