Major Reforms in Direct Tax Code 2025 Simplifying India’s Taxes
The Direct Tax Code 2025 is set to revolutionize India's tax framework starting April 2025. Replacing the Income Tax Act of 1961, this new tax system aims to simplify compliance for both individuals and businesses. The DTC introduces a modernized and transparent approach, which is essential for meeting the needs of India’s growing economy. With the outdated Income Tax Act becoming increasingly complex, the need for this overhaul is more apparent than ever.