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Lok Sabha Passes New Income Tax and Laws Bill 2025

Lok Sabha Passes Income-Tax and Taxation Laws Bills Why in the News? The Lok Sabha passed the Income-Tax (No. 2) Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025 through a voice vote amid opposition protests from the treasury benches, marking a significant step in simplifying and reforming India’s tax framework. Reform Journey and Legislative …