New Delhi, Aug. 11 -- The Lok Sabha on Monday passed the modified new Income Tax Bill, 2025 and The Taxation Laws (Amendment) Bill, 2025.

The Income Tax (No 2) Bill, 2025, was passed shortly after Finance Minister Nirmala Sitharaman tabled the revised bill.

Following the passage of the crucial new Income Tax Bill, 2025, the Lok Sabha was adjourned for the day.

Nirmala Sitharaman on Monday introduced the modified Income Tax bill in the Lok Sabha after including "almost all of the recommendations of the Select Committee."

(This is a developing story. Check back for updates)

Published by HT Digital Content Services with permission from MINT....