Gaya, July 23 -- Lok Janshakti Party MP Arun Bharti on Wednesday welcomed the presentation of the Income Tax Standing Committee report on the Income Tax Bill, 2025 in the Lok Sabha, describing the proposed legislation as a "historic initiative" aimed at streamlining and modernising India's tax framework.
MP Bharti said that the bill brings sweeping structural changes to the tax code by simplifying provisions and enhancing transparency.
He said, "The Income Tax Bill, 2025, is a historic initiative aimed at making India's tax system simpler, more transparent, and just. Compared to the old laws, it introduces substantial structural reforms. The number of chapters has been reduced from 47 to 23. The number of sections has been brought down ...
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