The new legislation, often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it ...

The Direct Tax Code was announced in the Budget 2025 by Union finance minister Nirmala Sitharaman on February 1 ...

Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of ...

itharaman emphasized that the new code would not only simplify the complex provisions of the current tax laws but also ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...

Finance Minister Nirmala Sitharaman will introduce a new Income Tax Bill next week, modelled on the Direct Tax Code. The aim ...

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

The existing tax structure, burdened by numerous amendments, has become increasingly complex, making filing returns a ...

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

A new income tax bill - a direct tax code to simplify calculating and filing income tax returns - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...