New Delhi, Aug. 11 -- Union Finance Minister Nirmala Sitharaman will introduce the revised the new Income Tax Bill, 2025 as cleared by a Select Committee, in the Lok Sabha today, 11 August.

Sitharaman withdrew the earlier version of the Income Tax Bill, 2025, from the Lok Sabha last week. The Bill, which replaced the Income Tax Act, 1961, was introduced in the Lower House of the Parliament on 13 February earlier this year.

Sitharaman withdrew the Bill just before the House was adjourned on Friday after Krishna Prasad Tenneti, who was in the Chair, asked the Finance Minister to move for leave to do so.

The government, upon withdrawing the Bill, said it would release an updated version that included the changes suggested by the Select Co...