<div>Finance Minister P Chidambaram said on 28 August that the Direct Taxes Code (DTC), initiated by him during his earlier tenure, needed a fresh look. After a meeting with top officials of ...

The Direct Tax Code aims to simplify, streamline, and standardise the current complex Income Tax Laws for all, with the primary objective of making tax compliance more accessible for individuals ...

The Income Tax Act 2025, notified after presidential assent, will replace the six-decade-old Income Tax Act 1961 from April 1 ...

The original Income Tax Bill, 2025, was introduced on February 13 to replace the six-decade-old Income Tax Act, 1961. However ...

India's government on Monday introduced a bill in parliament to overhaul its archaic direct tax laws, a key reform aimed at simplifying procedures for investors and bring in more revenue by ...

Given the risks and economic shortcomings of a realization requirement, we believe it should not be enshrined in the Constitution. Instead, Congress should be free to decide whether and how to tax ...

A tax-code change allowing direct subsidies of graduate-student stipends and faculty salaries would reduce administrative overhead and departmental control, and let donors support individual scholars ...

India will roll out a long-awaited direct tax code, aimed at simplifying archaic tax laws, on April 1, 2012, television channels reported Finance Minister Pranab Mukherjee as saying on Wednesday.