New Delhi, July 21 -- The report of the Select Committee on the new Income-Tax Bill was presented in Lok Sabha on Monday by the panel chairman Baijayant Panda.

The Select Committee examined the Income-tax Bill, 2025, which seeks to simplify language and structure of the Income Tax Act 1961.

Baijayant Panda, a BJP MP, also presented a copy of the record of evidence given before the Select Committee on the Income-Tax Bill, 2025.

The Income-Tax Bill, 2025, was tabled in Parliament in February this year by Finance Minister Nirmala Sitharaman. It was subsequently referred to a Select Committee for a detailed examination.

The the Income-Tax Bill, 2025 is on the agenda of the government for passage in the monsoon session of Parliament.

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