Tax Relief Act 2025 Status. The direct tax code (dtc) 2025 will replace the income tax act of 1961 and the wealth tax act of 1957, bringing india streamlined and modernised tax systems that clarify regulations, widen income tax brackets,. On december 3, 2024, the us district court for the eastern district of texas entered a preliminary injunction suspending enforcement of the corporate transparency act (cta).
Revised itr deadline extended to 15 jan 2025; Learn about the major updates in the direct tax code 2025, covering new tax rates, revised exemptions, and compliance changes that affect taxpayers.