Understanding Direct Tax Code 2025: Key Changes & Insights for Taxpayers
The Direct Tax Code 2025 was a long-awaited reform that originated in 2009, but faced delays before its final version was introduced. The complexity of the Income Tax Act of 1961, filled with numerous sections, exemptions, and deductions, had made compliance difficult. The new Direct Tax Code 2025 aims to modernize these laws to make them more understandable and accessible.