Direct Tax Code Overhaul Expected in Budget 2025 to Cut Litigation and Simplify Compliance

November 14, 2024
Aaerm Law Associates

As the Union Budget 2025 approaches, the Central Board of Direct Taxes (CBDT) is reportedly focusing on introducing a streamlined version of India’s income tax laws. According to sources, this comprehensive review, underway for several months, aims to reduce the complexity of the current tax code by simplifying language and clarifying provisions.

This anticipated overhaul, led by an internal CBDT panel, intends to reduce litigation and ease compliance for taxpayers. By minimizing interpretative discrepancies, the new code is expected to benefit both taxpayers and the government, creating a more transparent and accessible tax system.

Stay tuned as Budget 2025 unfolds to learn more about this significant update to India’s tax framework.