Direct Tax Code 2025: Reshaping India’s Tax System
The Direct Tax Code 2025 (DTC 2025) marks a historic transformation in India’s taxation system. Set to replace the 60-year-old Income Tax Act of 1961, the reform comes into effect in April 2025. With its primary focus on simplification, transparency, and inclusivity, DTC 2025 modernizes tax compliance and aligns the framework with India’s evolving economy and global ambitions.