FM Nirmala Sitharaman Introduces Income Tax Bill in Lok Sabha. Parliament Budget Session 2025 - Day 9: The bill aims to overhaul the 64-year-old Income Tax Act, simplifying and reducing its sections, clauses, and complexities under the current Income Tax Act, 1961 & Also The Joint Parliamentary Committee (JPC) will present its final report on the Waqf (Amendment) Bill. For All Political and Latest News Updates Subscribe to Mango News.