New Delhi, July 24 -- Lok Jan Shakti Party (Ram Vilas) MP in Lok Sabha and member of the Select Committee on the Income-Tax Bill, 2025, Arun Bharti, welcomed the Bill and said 47 chapters have been brought down to 23, while 819 provisions have been reduced to 536.

"Income Tax Bill 2025 is a major step by the NDA Govt for the simplification and transparency of the provisions of Income Tax Act 1961...About 47 chapters have been brought down to 23. Around 819 provisions have been reduced to 536. The number of words has been brought down to almost half...MSME sector will benefit, TDS limit has been raised...Tax assessment will be faceless...All of this will make it easier...," the MP told ANI.

MP Bharti said that the Bill brings sweeping st...