Updates on Budget 2026
Mini Updates on Budget 2026
#31
We’re delighted to share that our partners CA Dr. Sanjay Burad and CA Anuja Burad were featured in Deshdoot for their expert insights on the Union Budget 2026.
They attended the live presentation and offered practical analysis on its impact on taxpayers, businesses, and the economy.
01.02.2026
#29
Analysis of changes in GST proposed in Finance Bill 2026 is now live
01.02.2026
#28
Detailed Analysis to be shared shortly.
Update: Significant Changes in GST and Income Tax are now published
Budget 2026
01.02.2026
#27
Duty-free imports of select inputs to promote the export of leather products, aiming to strengthen India’s leather industry and global competitiveness.
Budget 2026 :Customs Duty
01.02.2026
#26
No Basic Customs Duty on 17 drugs for Cancer Patients
Budget 2026 :Customs Duty
01.02.2026
#25
Basic Customs Duty reduced form 20% to 10% for Goods Imported for Personal Use
Budget 2026 :Customs Duty
01.02.2026
#24
Buyback proceeds to be taxed for all types of shareholders as Capital Gains.
Corporate promoters to face 22% effective tax; non-corporate promoters taxed at 30% on buybacks.
Budget 2026 : Income Tax
01.02.2026
#23
Any interest awarded by the Motor Accident Claim tribunal to a natural person will be exempt from Income tax and any TDS on this account will be done away with
Budget 2026 : Income Tax
01.02.2026
#22
The government has extended deductions for cooperative members engaged in supplying cotton seeds and cattle feed, aiming to support farmers and allied agricultural activities
Budget 2026 : Income Tax
01.02.2026
#21
No interest on penalty during appeal before first authority
Budget 2026 : Income Tax
01.02.2026
#20
Six-month foreign asset disclosure scheme under the Union Budget 2026-27.
The scheme will benefit small taxpayers such as students, tech professionals, and relocated NRIs, providing them an opportunity to regularize foreign assets with ease.
Budget 2026 : Income Tax
01.02.2026
#19
Tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data center services. However, it will need to provide services to Indian customers through an Indian reseller entity.
IT services companies who want to conclude advance pricing agreement process for IT services and endeavor to conclude it within a period of two years
Budget 2026 : Income Tax
01.02.2026
#18
MAT Loss upto 31.3.26 to be allowed only for New Scheme
Budget 2026 : Income Tax
01.02.2026
#17
STT on futures and options have increased by more than 50% on futures to 0.05% from 0.02% and to 0.15% from 0.01% on options.
Budget 2026
01.02.2026
#16
MAT to be Final Tax and not Carry forward from wef 1.4.26
Rate of final tax to be reduced to 14% from current Minimum Alternate Tax (MAT) rate of 15%
Budget 2026 : Income Tax
01.02.2026
#15
TCS rate change for various goods
Increase for Alcohol, Scrap, Minerals from 1% to 2%
Reduction for Tendu leaves from 5 % to 2%
Budget 2026 : Income Tax
01.02.2026
#14
TDS
Supply of manpower clarified now to be deducted at 1-2%
PAN instead of TAN for TDS on Immovable Property Purchase by NRI
Budget 2026 : Income Tax
01.02.2026
#13
Due Dates change
Non Audit Individuals Business Case/Trust Income Tax Returns from 31 July to 31st Aug
ITR-1/2 to continue at 31 July
Budget 2026 : Income Tax
01.02.2026
#12
Due Dates change
Belated Returns from 31 Dec to 31st March
Budget 2026 : Income Tax
01.02.2026
#11
TCS reduced for
Overseas Tour Package from 5%/20 % to 2%
LRS for Education and Medical Treatment from 5% to 2%
Budget 2026 : Income Tax
01.02.2026
#10
Fiscal Deficit to be 4.3 % of GDP for FY 26-27
Budget 2026
01.02.2026
#9
A High Level Committee on Banking for Viksit Bharat to comprehensively review Banking Sector
Budget 2026
01.02.2026
#8
Foreign Exchange Management Framework to be reviewed.
Introduce a Market-making framework to promote Corporate Bond Market
Budget 2026
01.02.2026
#7
Person Residing Outside India (PROI) will be permitted to invest in equity instruments of listed Indian companies through the Portfolio Investment Scheme.
The investment limit for an individual PROI will be raised from 5% to 10%, while the overall limit for all individual PROIs will increase from 10% to 24%
Budget 2026
01.02.2026
#6
High-Speed Rail corridors between cities as ‘growth connectors’, namely
i) Mumbai-Pune,
ii) Pune-Hyderabad,
iii) Hyderabad-Bengaluru, iv) Hyderabad-Chennai,
v) Chennai-Bengaluru,
vi) Delhi-Varanasi,
vii) Varanasi-Siliguri.
Budget 2026
01.02.2026
#5
The government plans to support professional bodies such as ICAI, ICSI and ICMAI in developing short-term modular courses and practical tools. The initiative aims to create a pool of trained “corporate mitras” in tier 2 and tier 3 cities.
Budget 2026
01.02.2026
#4
For MSME
1. Mandate forCentral Public Sector Enterprises (CPSEs) to use the TReDS (Trade Receivables Discounting System) platform for settling transactions for ensuring timely payment to MSME
2. Guarantee on invoice discounting
3. Link government purchase
4. Asset back securities
Budget 2026
01.02.2026
#3
Dedicated 10000 crores equity support for MSME
Budget 2026
01.02.2026
#2
India’s markets are trading today in a special Sunday session tied to the Budget announcements. This is an unusual move reflecting investor focus on live policy impacts
Budget 2026
01.02.2026
#1
Union Budget 2026 presentation by Hon’ble Union Finance Minister in Lok Sabha begins.
Budget 2026
01.02.2026
#
Union Budget 2026 shall be presented on 1st February 2026 11 am onwards.
Live and Mini Updates on tax proposals shall be shared on this page.