The Direct Tax Code 2025 (DTC 2025) marks a crucial milestone in India’s economic journey by replacing the archaic Income Tax Act of 1961 with a more efficient, transparent, and streamlined tax framework. This new code is designed to simplify tax laws, reduce compliance burdens, and ensure fairness in the tax system for individuals, businesses, and multinational corporations. By eliminating outdated provisions and creating a modern, forward-thinking taxation structure, DTC 2025 aims to bolster the country’s economic growth and enhance ease of doing business.