The Direct Tax Code (DTC) is a proposed reform to the Income Tax Act, 1961 (representational) A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
The Income-Tax Bill, 2025, set to replace the six-decade-old Income Tax Act, 1961, brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of ...