Latest news with #Income-taxBill
News18
4 days ago
- Business
- News18
Stormy Parliament Monsoon Session Ahead: Govt Lists Key Bills; Oppn To Raise Bihar SIR, Air India Crash
The opposition is also raising questions over the special intensive revision (SIR) of voter rolls currently being undertaken by the Election Commission in poll-bound Bihar, demanding greater clarity and transparency. Despite these looming confrontations, the government has prioritised legislative business. At the top of the agenda is the Income-tax Bill, 2025, which was introduced in the Lok Sabha on February 13 this year and referred to a joint parliamentary committee (JPC) led by BJP MP Baijayant 'Jay" Panda. The JPC is scheduled to adopt the draft report on Wednesday, after which the amended bill will be sent to the union cabinet for approval and is expected to be brought to Parliament for passage during this session. Among the other bills listed for consideration is the Manipur Goods and Services Tax (Amendment) Bill, 2025, aimed at aligning the state GST law with the central legislation. Another key bill is the Jan Vishwas (Amendment of Provisions) Bill, 2025, which seeks to promote ease of doing business and improve regulatory compliance. In the education sector, the Indian Institutes of Management (Amendment) Bill, 2025, proposes to bring IIM Guwahati under the formal fold of the IIM Act, giving it statutory recognition. Tax reforms are also on the cards through the Taxation Laws (Amendment) Bill, 2025, which introduces changes to streamline current tax laws. The government is also focusing on environmental and scientific resource conservation. The Geoheritage Sites and Geo-relics (Preservation and Maintenance) Bill, 2025, aims to protect geologically important sites, while the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, seeks to regulate the scientific exploration of deep-seated and critical minerals. In the sports sector, the National Sports Governance Bill, 2025, proposes ethical and governance reforms to improve accountability in sports bodies. Just last week, the government declared its new sports policy. The National Anti-Doping (Amendment) Bill, 2025, aligns India's anti-doping regulations with global standards set by the World Anti-Doping Agency (WADA) and ensures the institutional independence of the National Anti-Doping Appeal Panel. Under other business, the government has listed a resolution for the extension of President's Rule in Manipur, originally imposed on February 13, 2025. As per constitutional provisions under Article 356(1), Parliament's approval is required every six months, and President's Rule cannot be extended beyond three years. Additionally, the demands for grants for the state of Manipur for the financial year 2025 will also be taken up during the session.
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Business Standard
27-06-2025
- Business
- Business Standard
Income-tax Bill 2025: Digital data and the question of power and privacy
A Parliamentary Select Committee reviewing the Bill is expected to submit its report during the monsoon session premium Georgie Koithara New Delhi Listen to This Article The Income-tax Bill, 2025, introduced in the Lok Sabha on February 13, seeks to modernise India's tax code. However, buried in its text are provisions that could fundamentally shift the relationship between Indian citizens and the digital state. The Bill is under review by a 31-member Parliamentary Select Committee tasked with studying the draft and recommending changes. The committee is expected to submit its report during the Monsoon Session, which begins on July 21. Two specific sections have been in focus: Sections 247 and 249,, which grant income tax authorities unprecedented powers to access, search and seize digital data, which,
