LawLoveLegal

Income Tax Bill 2025: Select Committee Invites Stakeholder Inputs In a move towards inclusive policymaking, the Lok Sabha Select Committee , chaired by BJP MP Baijayant Panda , has invited suggestions and memoranda from experts, industry bodies, organisations, and stakeholders on the Income-Tax Bill, 2025 . The committee is currently reviewing the proposed legislation, which aims to replace the existing Income-Tax Act of 1961 . As per the official release, submissions must be made within two weeks and should be presented in English or Hindi . Contributors are requested to send two hard copies to the Director (CF&S CITB) at the Lok Sabha Secretariat, Room No. 133A . A Visionary Shift: From 1961 to 2025 The Income-Tax Bill, 2025, tabled in Parliament on February 13, 2025 , by Union Finance Minister Nirmala Sitharaman , represents a comprehensive overhaul of India's decades-old tax regime. It seeks to make the law more concise, lucid, and litigation-free , aligning with...

The Lok Sabha has passed the Carriage of Goods by Sea Bill, 2024 , marking a significant step toward modernizing India's maritime trade regulations. This new legislation is designed to replace the Indian Carriage of Goods by Sea Act, 1925 , a law that has been in place since the pre-independence era. Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal , introduced the Bill, emphasizing that the Indian shipping sector needs updated regulations to align with modern trade practices and international maritime conventions. What Does the Carriage of Goods by Sea Bill, 2024 Aim to Achieve? The primary goal of this Bill is to update, streamline, and enhance regulations governing sea transportation. It focuses on: Clearly defining the responsibilities, liabilities, rights, and immunities of carriers involved in the transport of goods by sea. Covering both international and domestic maritime trade , ensuring that Indian ports comply with modern global standards....

Government to Introduce Waqf Amendment Bill in  Lok Sabha on Thursday The BJP-led government is set to introduce the Waqf (Amendment) Bill, 2024 in the Lok Sabha on Thursday. This bill aims to amend the Waqf Act, 1995, addressing key issues related to State Waqf Boards, property registration, and encroachments. The introduction is accompanied by the withdrawal of two previous legislative measures: the Waqf Properties (Eviction of Unauthorised Occupants) Bill, 2014, and the Mussalman Wakf Act, 1923.  Withdrawal of Previous Bills Waqf Properties (Eviction of Unauthorised Occupants) Bill, 2014 Originally introduced in February 2014 by the Congress-led UPA government, this bill aimed to address the issue of unauthorized occupants of waqf properties. The decision to withdraw it comes in light of the new amendment bill, which seeks to handle these concerns more effectively through updated provisions and administrative measures. Mussalman Wakf Act, 1923    The Mussalman Wak...

Nirmala Sitharaman to Introduce Jammu and Kashmir Appropriation Bill in Lok Sabha Amid Ongoing Budget Session In the ongoing Budget Session of Parliament, Union Finance Minister Nirmala Sitharaman is set to introduce the Jammu and Kashmir Appropriation (No. 3) Bill, 2024, in the Lok Sabha. This bill aims to authorize the payment and appropriation of certain sums from the Consolidated Fund of the Union Territory of Jammu and Kashmir for the financial year 2024-25. Key Legislative Activities The Parliament session, which began on July 22 and is scheduled to conclude on August 12, will also continue discussions on the Union Budget 2024-25, presented on July 23. The debate on the budget for Jammu and Kashmir for the fiscal year 2024-25, which commenced last Tuesday, will also proceed. Reports and Statements on Youth and Sports Union Minister of State for Youth Affairs and Sports, Raksha Nikhil Khadse, will address the Lok Sabha on several key reports regarding the Ministry's activities...

BJP MP Bhartruhari Mahtab Takes Oath as Pro-Tem Speaker Seven-time MP Bhartruhari Mahtab was sworn in as the pro-tem Speaker of the 18th Lok Sabha on Monday. The oath was administered by President Droupadi Murmu at Rashtrapati Bhavan, marking the commencement of the 18th Lok Sabha's first session, which will begin with the oath-taking of the new MPs. Understanding the Role of a Pro-Tem Speaker A pro-tem Speaker, or temporary Speaker, is appointed for the initial meetings of the newly elected Lok Sabha, particularly to preside over the first sitting of the House, administer the oath to new members, and oversee the election of the new Speaker. This position is critical in ensuring that the newly elected House starts functioning smoothly. Constitutional Provision The role of the pro-tem Speaker is not explicitly defined in the Indian Constitution but is derived from parliamentary conventions and practices. Article 94 of the Indian Constitution deals with the Speaker and Deputy Speaker...