NISHANTSINGH

  Understanding the Direct Tax Code 2025: A Guide to the New Tax System The Direct Tax Code 2025 is set to replace the Income Tax Act of 1961, bringing about much-needed reform to India's taxation system. Slated for implementation in April 2025, the Direct Tax Code 2025 will overhaul complex regulations, simplify tax processes, and enhance transparency. This reform is designed to address the issues of outdated provisions and the increasing complexity of the existing tax laws, which many found challenging to navigate. After several years of delay, Finance Minister Nirmala Sitharaman introduced the Direct Tax Code 2025 , which marks a significant step toward creating a more straightforward and efficient tax system for both individuals and businesses. The goal is to encourage greater compliance, minimize litigation, and simplify tax filing procedures for taxpayers across the country. Why Was the Direct Tax Code 2025 Introduced? The Direct Tax Code 2025 was a long-awaited reform tha...

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