Direct Tax Code 2025: Key Changes, Impact & Tax Reforms
The direct tax code is set to replace the Income Tax Act of 1961, bringing long-overdue reforms to India’s taxation system. With implementation beginning in April 2025, this new law aims to simplify tax regulations, enhance transparency, and reduce litigation. Finance Minister Nirmala Sitharaman introduced the Direct Tax Code 2025, marking a significant transformation in tax compliance for individuals and businesses.