Direct Tax Code 2025: Transforming India\’s Tax System for the Future
The Direct Tax Code 2025 (DTC 2025) is a groundbreaking reform aimed at reshaping India’s taxation system. Set to replace the outdated Income Tax Act of 1961, the new code brings in an era of simplicity, efficiency, and fairness. By eliminating unnecessary complexities, DTC 2025 promises to overhaul the tax landscape, improving compliance and ease of doing business. Finance Minister Nirmala Sitharaman introduced this progressive tax structure to address the challenges of the old system, and it is designed to meet the needs of today’s fast-evolving economy. This transformation will benefit both individuals and businesses by fostering a more transparent and modern taxation framework.