New Delhi, Aug. 11 -- Lok Sabha on Monday passed the new Income Tax Bill without debate, hours after it was introduced in the House by Finance Minister Nirmala Sitharaman.

The Income Tax (No.2) Bill, 2025, which was introduced on Monday afternoon after the government on Friday last withdrew the Income Tax Bill, 2025 in the Lok Sabha, incorporates almost all recommendations of the Select Committee, which examined the legislation.

The Government had said in the budget in July 2024 that a time-bound comprehensive review of the Income-tax Act, 1961 would be undertaken to make the Act concise, lucid, and easy to read and understand.

The new Income Tax Bill was passed without debate amid opposition protests over their demand for debate on Sp...