{"id":217839,"date":"2025-01-17T19:36:44","date_gmt":"2025-01-17T19:36:44","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/17\/budget-session-from-january-31-bill-to-overhaul-income-tax-on-agenda\/"},"modified":"2025-01-17T19:36:45","modified_gmt":"2025-01-17T19:36:45","slug":"budget-session-from-january-31-bill-to-overhaul-income-tax-on-agenda","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/17\/budget-session-from-january-31-bill-to-overhaul-income-tax-on-agenda\/","title":{"rendered":"Budget Session from January 31; Bill to overhaul income tax on agenda"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"2568\" height=\"1200\" src=\"https:\/\/i2.wp.com\/img.etimg.com\/photo\/msid-117341234,imgsize-159472.cms?resize=2568,1200&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Budget Session from January 31; Bill to overhaul income tax on agenda\" title=\"Budget Session from January 31; Bill to overhaul income tax on agenda\" \/><\/div>\n<div data-brcount=\"21\">New Delhi: The Budget Session of Parliament will held from January 31 to April 4. In addition to the Finance Bill, a bill proposing a new Direct Tax law modelled after the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/direct-tax-code\" target=\"_blank\" rel=\"noopener\">Direct Tax Code<\/a>, for simpliyfing the compliance, is on the House agenda.<\/p>\n<p><style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<\/p>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:1-->The primary goal of this proposed new legislation is to streamline the income-tax system, make it easier to comply with, eliminate duplicate procedures, and make it more user friendly, sources told ET.<\/p>\n<p>In line with the convention, the session will start with <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/president-droupadi-murmu\" target=\"_blank\" rel=\"noopener\">President Droupadi Murmu<\/a>&#8216;s address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31, followed by the tabling of the economic survey.<\/p>\n<p> The budget will be presented on February 1.<\/p>\n<p>The first part of the session will have nine sittings and will end on February 13, and the second part will begin on March 10 and conclude on April 4. The entire budget session will have 27 sittings.<\/p>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:2--><br \/>&#8220;The Hon&#8217;ble President will address the joint sitting of both Houses on 31st January 2025 at 1100 Hrs in the Lok Sabha Chamber. <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/union-budget-2025-26\" target=\"_blank\" rel=\"noopener\">Union Budget 2025-26<\/a> to be presented on 1st February, 2025 in the Lok Sabha,&#8221; Parliamentary Affairs Minister <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/panache\/panache-people-101\/kiren-rijiju\/profileshow\/87283500.cms\" rel=\"noopener\">Kiren Rijiju<\/a> said in a post on X.The draft of the I-T bill has been prepared by the finance ministry and is being vetted by the Union law ministry. Before introducing the bill proposing new direct Tax law in Parliament, it will be be tabled before the Union Cabinet.The <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/joint-parliamentary-committee\" target=\"_blank\" rel=\"noopener\">Joint Parliamentary Committee<\/a> on the Waqf (Amendment) Bill is expected to submit its report during the budget session. The term of the committee was extended during the winter session of Parliament.<\/p>\n<p>The Joint Parliamentary Committee on &#8216;<a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/one-nation-one-election\" target=\"_blank\" rel=\"noopener\">One Nation One Election<\/a>&#8216; was asked earlier to submit its report to LS on the first day of the last week of the budget session. However, there is demand for an extension of the term of the committee.<\/p>\n<p>Meanwhile, the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/election-commission\" target=\"_blank\" rel=\"noopener\">Election Commission<\/a> has already made it clear that government cannot make any announcement related to Delhi as the national capital is heading for assembly polls on February 5.<\/p>\n<p>The BJP&#8217;s Bihar allies-JDU and LJP &#8211; are looking for some support for the state, which is up for election in October-November.<\/p>\n<style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/budget-session-from-january-31-bill-to-overhaul-income-tax-on-agenda\/articleshow\/117341234.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Budget Session of Parliament will held from January 31 to April 4. In addition to the Finance Bill, a bill proposing a new Direct Tax law modelled after the Direct Tax Code, for simpliyfing the compliance, is on the House agenda. The primary goal of this proposed new legislation is to streamline [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":217840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-117341234,imgsize-159472.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[12348,229,5002,143627,171709,1740,7402,171708,3452,92242,8147,61530,14667,171710,35785,2112,301,171707],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217839"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=217839"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217839\/revisions"}],"predecessor-version":[{"id":217841,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217839\/revisions\/217841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/217840"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=217839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=217839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=217839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}