Nirmala Sitharaman Introduces New Income Tax Bill in Parliament; Opposition Walks Out

Nirmala Sitharaman Introduces New Income Tax Bill in Parliament: In October 2023, there were no more data for additional training of the AI. Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha.

The new laying aims to simplifying terminologies used in tax law in India so as to help taxpayers in the smooth payment of taxes and filing of returns.

While Nirmala Sitharaman was introducing the bill with much storm and din, numerous Opposition MPs were seen walking out. It was not made clear how many MPs left the House that day.

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Opposition raises objections

N.K. Premachandran, an Opposition MP from Kerala's Kollam, raised the objection stating that the new bill had more sections than the previous Income Tax Act of 1961, Sitharaman said, “He should understand where the law is today and where it is being reduced.”

“The Income Tax Act was originally enacted in 1961 and come into effect in 1962. At that time, they had only 298 sections…But as time went by…many more sections were added. As it stands today, there are 819 sections,” Sitharaman said. “From that 819, we're bringing it down to 536. So he should look at what it is today,” she added.

She claimed that the act of 1961 had been amended 4,000 times since it came into force, and those amendments were being looked at now.

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Thus, said Sitharaman in a sharp response to an objection raised by TMC MP Professor Sougata Ray, according to whom the modifications in the new Tax Bill were “mechanical”, the minister responded, “They're not mechanical changes. Substantial changes are being made. Number of words have come down by half. Sections and chapters have come down. It is in plain simple English and plain simple Hindi.”

Bill to be sent to House committee

She also recommended the Income Tax Bill 2025 be referred to a freshly constituted Select House Committee for further consideration.

The committee, she said, would present its report on the “first date of the next session”.

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