Finance Minister Nirmala Sitharaman in her July 2024 Budget speech announced a comprehensive review of the Income Tax Act 1961. She had also announced that a new tax system would eventually be ...

A New Era for Taxation & Personal Finance in India As India eagerly awaits the announcement of Budget 2025 on February 1st, ...

The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation ...

The Direct Tax Code 2025 is a highly anticipated reform in India's tax system, promising a more streamlined, transparent, and ...

In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' goals" for a tax-filing app.

There is growing anticipation that the Modi government will ease the tax burden on the middle class, provide relief from high ...

Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus ...

A pilot program for the service successfully launched last year in 12 states. New Jersey did not participate because of a ...

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is ...

The direct tax code (DTC) aims to simplify India's intricate tax system, making it more accessible and easier to follow.

Will Finance Minister Nirmala Sitharaman replace the present Income Tax Act with the Direct Tax Code? As the country is ...