Lok Sabha Passes Taxation Laws (Amendment) Bill, Income-Tax (No.2) Bills by Voice Vote

The Lok Sabha has passed the Taxation Laws (Amendment) Bill, 2025 and the Income-Tax (No.2) Bill, 2025 with voice vote today. Union Finance Minister Nirmala Sitharaman moved these legislations amidst protest by the opposition members over the Special Intensive Revision exercise in Bihar and other issues.
 
 
The Income-Tax (No.2) Bill, 2025 is intended to consolidate and amend the law relating to income-tax while the Taxation Laws (Amendment) Bill, 2025 will further amend the Income-tax Act, 1961 and to amend the Finance Act, 2025.