What Is Tax Code 2025. The direct tax code is proposed legislation designed to replace the income. The direct tax code (dtc) 2025 will replace the income tax act of 1961 and the wealth tax act of 1957, bringing india streamlined and modernised tax systems that clarify regulations, widen income tax brackets,.
This happened because the government presented the union budget 2024 in july due to general elections. The direct tax code (dtc) 2025 is a significant reform aimed at simplifying indiaโs complex tax system.