Direct Tax Code 2025: A New Era in India’s Tax System
The Direct Tax Code 2025 is set to transform India’s taxation by replacing the outdated Income Tax Act of 1961. This long-awaited reform aims to simplify tax regulations, enhance compliance, and promote transparency. With its implementation from April 2025, the DTC 2025 will apply to the financial year 2025-26, marking a major shift in India’s tax framework.