Lok Sabha Speaker Forms Select Committee to Review Income Tax Bill, 2025
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...
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:
- Shri Baijayant Panda (Chairperson)
- Dr. Nishikant Dubey
- Shri Jagadish Shettar
- Shri Sudheer Gupta
- Shri Anil Baluni
- Shri Raju Bista
- Shri Eatala Rajender
- Shri Vishnu Dayal Ram
- Shri Mukeshkumar Chandrakaant Dalal
- Shri P P Chaudhary
- Shri Shashank Mani
- Shri Bhartuhari Mahtab
- Shri Naveen Jindal
- Shri Anurag Sharma
- Shri Deepender Singh Hooda
- Shri Benny Behanan
- Shri Vijayakumar Alias Vijay Vasanth
- Dr. Amar Singh
- Adv Gowaal Kagada Padavi
- Md. Rakibul Hussain
- Shri Lajli Verma
- Adv Priya Saroj
- Ms Mahua Moitra
- Dr. Kalanidhi Veeraswamy
- Shri Daggumalla Prasada Rao
- Shri Kaushalendra Kumar
- Shri Arvind Ganpat Sawant
- Smt. Supriya Sule
- Shri Ravindra Dattaram Waikar
- Shri K N Premachandran
- 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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