The Centre is likely to introduce the Direct Tax Code 2025, a simplified version of income tax laws, during the Union Budget on February 1 next year. Once in effect, it will replace the Income Tax Act of 1961. Experts believe the Direct Tax Code (DTC) will overhaul existing income tax laws, streamlining legal processes …
If you’ve filed your 2024 income tax return, you’re ahead of the curve. However, submitting your paperwork is just the beginning. Tax laws and regulations may change, so it’s crucial to keep up with any updates that could impact your filing status, possible refunds, or tax liabilities. Taxpayers should be aware of the notice they …
