In the general budget, she can announce the Direct Tax Code (Direct Tax Code 2025). This new law will replace the Income Tax Act, of 1961 (Income Tax Act). The purpose of bringing DTC is to ...

brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of 2009 and 2010, which sought a complete tax overhaul, the new bill largely ...

The Parliamentary panel on Direct Taxes Code in its report tabled in Lok Sabha today has suggested raising the income tax exemption limit to Rs 3 lakh. Amitabh Chaudhry, managing director and ...

hosted a seminar on "Direct Tax Code vs Income Tax Act 1961 - Key Differences and Challenges", where taxation experts highlighted gaps in the newly introduced Direct Tax Code 2025 and emphasised ...

The Income-Tax Bill 2025 was introduced in Lok Sabha on 13 February to replace the existing Act. This bill does not propose radical changes like the Draft Direct Taxes Code Bill of 2009 ...

It doesn’t have to be this way. A simple change to the tax code—making direct payments to faculty and graduate students tax-deductible, just like donations to universities—could strengthen scholarship ...

Legal experts in Kolkata advocate for the new direct tax code to address tax disputes, enhancing the exchequer and business stability. The high volume of pending cases emphasizes the urgency for ...

Nearly 40,000 taxpayers are being investigated by the Central Board of Direct Taxes (CBDT) in relation to tax deductions they ...

A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said as she presented the Union ...

The Parliamentary panel on Direct Taxes Code in its report tabled in Lok Sabha today has suggested raising the income tax exemption limit to Rs 3 lakh. Amitabh Chaudhry, managing director and ...