New Tax Laws 2025 Tax Returns. Six member task force was established to draft new direct tax law. 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,.

Six member task force was established to draft new direct tax law. The dtc is expected to be introduced.