New Delhi, Feb. 12 -- Union Finance Minister Nirmala Sitharaman is likely to present thenew income tax bill in the Parliament on Thursday. The bill is already being circulated on social media and is getting reactions galore from the taxpayers and experts alike.

However, it is noteworthy that the current Bill is expected to undergo a lot of changes since the income tax portal is still inviting suggestions from people with regards to thenew tax bill under the section 'new'. Either this is just an error of judgement from the income tax department, or the Bill would still undergo a number of changes.

Notably, the current draft has also incorporated a number of deliberations which entailed scores of suggestions given on the income tax portal...