Understanding the Key Reforms of DTC 2025 for India’s Tax System.
The Direct Tax Code 2025 (DTC 2025) is poised to replace the long-standing Income Tax Act of 1961, introducing much-needed reforms to simplify India’s taxation process. Set for rollout in April 2025, the DTC 2025 aims to modernize the tax system, improve compliance, and create a more transparent framework. This shift comes after years of development and delays, making DTC 2025 a pivotal step towards a more efficient tax system.