Understanding the Direct Tax Code 2025: Key Insights and Major Changes
The Direct Tax Code 2025 (DTC 2025) marks a pivotal transformation in India’s taxation system. Replacing the Income Tax Act of 1961, the Direct Tax Code 2025 simplifies outdated tax laws, ensures transparency, and introduces modernized processes. Set to roll out in April 2025, DTC 2025 aims to make tax compliance easier for individuals and businesses while fostering a fairer system.