New Delhi (PTI): A report of the parliamentary committee set up to scrutinise the new Income Tax Bill, 2025, which would replace the six-decade old Income Tax Act, is scheduled to be tabled in the Lok Sabha on Monday.

The 31-member Select Committee, chaired by BJP leader Baijayant Panda, was appointed by Lok Sabha Speaker Om Birla to scrutinise The new Income Tax Bill, 2025, which was introduced by Finance Minister Nirmala Sitharaman on February 13 in the Lok Sabha.

The Committee has made 285 suggestions and at its meeting on July 16 adopted the report on new I-T Bill, 2025, which will now be tabled in the House for further action.

The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation.

The new bill, introduced in the Lok Sabha, has a word count of 2.6 lakh, lower than 5.12 lakh in the I-T Act. The number of sections is 536, as against 819 effective sections in the existing law.

The number of chapters has also been halved to 23 from 47, according to the FAQs (frequently asked questions) issued by the I-T department.

The Income Tax Bill 2025 has 57 tables, compared to 18 in the existing Act and removed 1,200 provisos and 900 explanations.

Provisions relating to exemptions and TDS/TCS have been made crispier in the Bill by putting them in a tabular format, while the chapter for not-for-profit organisations has been made comprehensive with use of plain language. As a result of this, the word count has come down by 34,547.

In a taxpayer-friendly move, the Bill replaces the term 'previous year' as mentioned in the Income Tax Act, 1961 with 'tax year'. Also, the concept of assessment year has been done away with.

Currently, for income earned in the previous year (say 2023-24), tax is paid in assessment year (say 2024-25). This previous year and assessment year (AY) concept has been removed and only tax year under the simplified bill has been brought in.

While introducing the Bill in the Lok Sabha, Sitharaman had said that "substantial changes" have been made in the Bill. The number of words have been halved from 5.12 lakh, and sections reduced from 819 to 236. Following introduction, the Bill was referred to the select committee of the Lok Sabha and the committee was mandated to submit its report by the first day of next session.

The Monsoon session of Parliament is scheduled to sit from July 21 to August 21, 2025.

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London, Aug 5 (PTI): An Indian-origin taxi driver based in Ireland for over 23 years has become the latest to be targeted in an unprovoked attack in the capital Dublin, with local police (Gardai) launching an investigation into the violent assault.

Lakhvir Singh, in his 40s, told local media that he picked up two young men in their 20s on Friday night and dropped them at Poppintree, in the Ballymun suburb of Dublin.

Upon arriving at the destination, the men are said to have opened the vehicle door and struck him twice on the head with a bottle. As the suspects fled, they reportedly shouted: "Go back to your own country".

"In 10 years I've never seen anything like this happen," Singh told ‘Dublin Live’.

"I'm really scared now and I'm off the road at the moment. It will be very hard to go back. My children are really scared," he said.

A Dublin police spokesperson said Singh was taken to the city's Beaumont Hospital with injuries determined as not life-threatening.

"Gardaí are investigating an assault reported to have occurred in Poppintree, Ballymun, Dublin 11 at approximately 11:45 pm on Friday, 1st August 2025. A man, aged in his 40s, was brought to Beaumont Hospital for treatment of non-life-threatening injury. Investigations are ongoing," the spokesperson said.

The incident followed an Indian Embassy advisory, also issued on Friday, expressing safety concerns following recent attacks in and around the capital Dublin and urging Indian citizens to take safety precautions.

"There has been an increase in the instances of physical attacks reported against Indian citizens in Ireland recently,” states the advisory.

“The embassy is in touch with the authorities concerned in Ireland in this regard. At the same time, all Indian citizens in Ireland are advised to take reasonable precautions for their personal security and avoid deserted areas, especially at odd hours," the statement reads, adding emergency embassy contact details as 0899423734 and cons.dublin@mea.gov.in.

It came in the wake of a brutal attack on a 40-year-old Indian man at Parkhill Road in the Tallaght suburb of Dublin on July 19, described as “mindless, racist violence” by locals.

The Gardai had opened an investigation into the case and Indian Ambassador to Ireland Akhilesh Mishra was among those who took to social media to express shock over the attack.

“Regarding the recent incident of physical attack on an Indian national that happened in Tallaght, Dublin, the embassy is in touch with the victim and his family. All the requisite assistance is being offered. The embassy is also in touch with the relevant Irish authorities in this regard,” the embassy said in a social media post days after the incident.

A Stand Against Racism protest was also held by the local community in condemnation of what was described as a "vicious racist attack" and to express solidarity with migrants.

Last week, Dr Santosh Yadav took to LinkedIn to post details of a “brutal, unprovoked racist attack”.

The entrepreneur and AI expert stressed that it was not an isolated incident and called for “concrete measures” from the governments of Ireland and India to ensure Indians feel safe to walk the streets of Dublin.

His post revealed that a group of six teenagers attacked him from behind as he walked to his apartment in Dublin.

“This is not an isolated incident. Racist attacks on Indian men and other minorities are surging across Dublin — on buses, in housing estates, and on public streets. Yet, the government is silent. There is no action being taken against these perpetrators. They run free and are emboldened to attack again,” reads Yadav's post.

Fine Gael party Councillor for Tallaght South, Baby Pereppadan, was among those who expressed concern following last month’s attack.

“People need to understand that many Indian people moving to Ireland are here on work permits, to study and work in the healthcare sector or in IT and so on, providing critical skills,” he said.