
Government Withdraws Income-Tax Bill, 2025; Revised Version Slated for August 11
In a decisive move, the Indian government has formally withdrawn the Income-Tax Bill, 2025—originally introduced on February 13 in the Lok Sabha as a substitute for the long-standing Income-Tax Act of 1961. The withdrawal, announced on August 8, 2025, paves the way for a substantially redrafted bill that integrates key suggestions from the Select Committee,…