Tax season is another reminder that our tax code is too complex
Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.
What Is Direct Tax Code And How It Is Different From Income Tax Act?
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...
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Budget 2025: What is Direct Tax Code? Will it replace the Income Tax Act 1961?
Finance Minister Nirmala Sitharaman in her July 2024 Budget speech announced a comprehensive review of the Income Tax Act 1961. She had also announced that a new tax system would eventually be ...
Union Budget 2025: New income tax bill to be half the current one and simpler, says Sitharaman
The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next ...