Key Insights into Direct Tax Code 2025 for Taxpayers
India is set to implement a transformative change in its tax framework with the introduction of the Direct Tax Code (DTC) 2025. This new code, which is slated to replace the Income Tax Act of 1961, aims to simplify the nation’s taxation system, improve transparency, and enhance taxpayer compliance. Effective from April 2025, the DTC 2025 addresses the longstanding issues related to outdated provisions, intricate regulations, and cumbersome processes.