Kiren Rijiju Addresses Income Tax Bill Concerns
Parliamentary Affairs Minister Kiren Rijiju has addressed public concerns surrounding the new Income Tax Bill, 2025. In a recent statement, Rijiju assured that the bill retains the core elements of the original legislation while integrating all amendments proposed by the select committee and accepted by the government. This reassurance comes amidst growing apprehensions on social media regarding potential changes in the bill’s framework.
Social Media Concerns Deemed Unfounded
Rijiju emphasized that fears circulating on social media are unfounded. He highlighted that the bill is a product of six months of meticulous work, during which all suggested changes were carefully considered and incorporated. The minister’s statement aims to dispel any misinformation and reassure stakeholders that the bill remains true to its original intent.
Essence of Original Bill Maintained
The essence of the original Income Tax Bill has been preserved, according to Rijiju. This continuity ensures that the foundational principles and objectives of the legislation are not compromised. By maintaining these core elements, the government seeks to uphold the integrity of the tax system while adapting to necessary amendments for improved functionality.
Implications for Stakeholders
For stakeholders, including taxpayers and financial institutions, Rijiju’s assurance provides clarity and stability. The integration of amendments without altering the bill’s essence suggests a balanced approach to legislative reform. This development is expected to foster confidence among those affected by tax policies, as it reflects a commitment to transparency and responsiveness to feedback.