This Section of our website is dedicated for the Upcoming Changes to the Income Tax Act, 1961.
Click here to Access the Income Tax Bill, 2025 (as introduced in the Lok Sabha)
The bare text of the income tax bill (ITB, 2025) can be downloaded and accessed from the above link
The Central Government announced the withdrawal of the Income Tax Bill on Aug 8, 2025 as a new and updated bill incorporating the changes recommended by the Select Committee of the Parliament.
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Introduction
The Bill was introduced in the Lok Sabha by the Finance Minister. Proposed to be commence from April 1, 2026.
Select Committee Constituted
A Select committee of the Lok Sabha is constituted to examine the Income Tax Bill and to do a comprehensive review
ICAI suggestions
ICAI submitted its suggestions to the Lok Sabha Select Committee suggesting reduction of number of sections
Seeking Inputs on Rules
CBDT seeks inputs from stakeholders on income-tax rules and related forms
Suggestions submitted
The Select Committee of the Parliament submits recommendations for changes containing over 285 changes and 4500 pages
Bill Withdrawn
The Bill is withdrawn to make way for a new and updated version incorporating the recommendations.