New Delhi, July 25 -- The new proposed Income Tax bill will improve ease of doing business, reduce litigation burdens of the individual taxpayer, and give both small and large investors the confidence 'Make in India' and create jobs, member of select committee of Parliament Milind Deora said on Friday.

"I congratulate the Finance Minister for introducing the New Income Tax Bill, and I say new because the existing Bill dates back to 1961. This bill has seen several amendments. The government's objective, which is the right idea, is that this bill which is over 60 years old and has so many amendments to do away with that bill and replace it with a new, fresh bill is a new idea. I think that step on its own and intent will leader of reduced...