New Direct Tax Code to Simplify Structure, No New Taxes to Be Introduced
In a significant update ahead of the Budget 2025-26, Finance Secretary Tuhin Kanta Pandey confirmed that the upcoming New Direct Tax Code Bill will not introduce any new taxes. Pandey clarified that the bill, set to be introduced in the Budget session of Parliament by Finance Minister Nirmala Sitharaman, focuses on structural reforms rather than altering tax …
