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Finance Minister Nirmala Sitharaman will present the second full-fledged budget of the Modi 3.0 government on February 1. The upcoming Union Budget 2025-26 is being eagerly anticipated, with the middle class hoping for significant tax reliefs.
The Centre is working on a comprehensive review of the Direct Tax Code, which will be prepared by the internal committee and then shared for stakeholder consultation within the next six months, Sanjay Malhotra, Secretary Revenue, Ministry of Finance, said on Thursday.
The present government, if voted back to power, will implement the long-delayed Direct Taxes Code (DTC) on a priority basis, official sources said, adding that discussions were already underway in the finance ministry in this regard.