A method and apparatus for transmitting and receiving Downlink Control Information (DCI) in a wireless communication system. A method for transmitting DCI by a base station includes generating the DCI including at least one of a data format indicator for at least one Transport Block (TB), and a DeModulation Reference Signal (DMRS) resource allocation indicator corresponding to the at least one TB; and sending the DCI to a terminal. The DMRS resource allocation indicator includes a rank pattern for the at least one TB, an allocated scrambling code type, and DMRS port information.