Government withdraws Income Tax Bill in Lok Sabha; new Bill to be introduced on Aug 11

New Delhi, 8/8: Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the legislation after incorporating changes suggested by the Select Committee.

A new version of the Income Tax Bill will be introduced in the Lok Sabha on August 1.