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A fresh bill would be introduced in the Lok Sabha in due course, which would replace the Income-tax Act, 1961.

Sending a strong signal to the US President Donald Trump, Defence Minister Rajnath Singh’s scheduled visit to Washington to announce deals for the procurement of weapons and aircraft has been cancelled. It is considered to be the Indian response to the 50% US tariff.

Six months after introducing the Income-tax Bill, 2025 in the Lok Sabha, the Union government has formally withdrawn the bill. But what was the Income Tax Bill, 2025? And why was it withdrawn? Let’s discuss.
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