Rajya Sabha returns modified Income Tax Bill back to Lok Sabha

The Parliament has approved the revised Income Tax bill, incorporating nearly all recommendations from the Select Committee. This follows the Rajya Sabha's approval, a day after the Lok Sabha's. Chaired by Baijayant Panda, the Select Committee proposed several changes to the Income-tax Bill, 2025, initially introduced in February. The government withdrew the original bill to introduce the Income-tax (No.