Direct Tax Code 2025: Simplifying India’s Tax System for Growth
India’s taxation framework is undergoing a major transformation with the introduction of the Direct Tax Code 2025. Scheduled to replace the Income Tax Act of 1961, this new code is set to overhaul the tax structure, aiming to simplify the tax process, reduce complexities, and increase compliance. The Direct Tax Code 2025 is poised to reshape the country’s tax system for individuals, businesses, and the economy at large.