Key Reforms in the Direct Tax Code

Akshay83106 Jan, 2025Education

The DTC 2025, or Direct Tax Code, is set to replace the Income Tax Act of 1961, introducing long-awaited reforms to India’s tax system. This landmark change, effective from April 2025 for the financial year 2025-26, promises simpler, more transparent tax regulations. The government aims to streamline compliance for both individuals and businesses