New Delhi, July 22 -- A parliamentary panel on Monday suggested that the government make income-tax rebate provisions unambiguous and spare small taxpayers from mandatorily filing returns to claim refunds, even as some dissenting voices and experts criticised its report as a lost opportunity for making transformational changes.

Member of Parliament Baijayant Panda, who is also the chairperson of the 31-member select committee of the Lok Sabha on Monday presented the report on the Income-Tax Bill, 2025 to the House, an official statement said. The Bill was introduced in the Lok Sabha on February 13 by finance minister Nirmala Sitharaman. After enactment it will replace the existing Income-Tax Act, 1961.

While the committee restricted its...