Key Reforms in DTC 2025: Simplifying India’s Tax Framework
The introduction of the Direct Tax Code (DTC) 2025 is poised to transform India’s tax landscape. By replacing the outdated Income Tax Act of 1961, the DTC offers a more streamlined and modern framework for both individuals and businesses. Starting from April 2025, these reforms aim to simplify tax compliance while boosting revenue for the government. Given the current complexities of the tax system, this shift comes at a crucial time.