MP Jay Panda: BJP National Vice President and Member of Parliament from Kendrapara, Shri Baijayant ‘Jay’ Panda, today presented the Report of the Select Committee on the Income-Tax Bill, 2025 in the Lok Sabha.
Under Shri Panda’s leadership as Chairperson, the Committee undertook a thorough and inclusive review process. It conducted stakeholder consultations, meeting with industry leaders, mid-level tax practitioners, legal experts, MSME bodies, Non Profit Organisations, economists, and civil society representatives to gather diverse perspectives.
Extensive sittings with the Ministry of Finance for a clause-by-clause examination of the Bill were held. Over a period of five months, the Committee met consistently, held 36 sittings without a single adjournment, and have been able to accomplish their stated mandate within the stipulated time.
After comprehensive deliberations, the Committee submitted 285 recommendations focused on simplifying the tax regime and making the Income Tax legislation simplified and lucid. Shri Panda’s effective leadership was widely acknowledged for ensuring a collaborative and efficient process, setting a benchmark for parliamentary committee processes. His ability to build consensus across party lines and keep the Committee focused on outcomes led to the unanimous adoption of the report by all 31 members.
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