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The address of the finance ministry may have changed, but when it comes to guarding the country’s most closely held financial secret, tradition still holds firm on Raisina Hill.Even after the ministry’s move to the new Central Secretariat offices at Kartavya Bhawan last year, the printing of the Union Budget — among the most confidential…
A key industry demand relates to strengthening the Customs Authority for Advance Rulings (CAAR). (AI image) As the Centre readies the Union Budget 2026-27, industry and tax experts have flagged mounting customs litigation, uneven trade facilitation and gaps in digitalisation as areas needing urgent policy attention. In its pre-Budget memorandum, FICCI has outlined a series…
The government is likely to retain its strong focus on public capital expenditure in the upcoming Union Budget 2026, with the capex outlay expected to rise by 10–15 per cent from the current level of Rs 11.21 lakh crore, even as private sector investment continues to remain cautious, experts said, as reported PTI.The Budget, which…
The government has increasingly been nudging taxpayers to opt for the new income tax regime. (AI image) Budget 2026 income tax expectations: Will FM Nirmala Sitharaman provide more reason to cheer for salaried and middle class taxpayers two years in a row? 2025 was a year of tax reforms – massive overhaul of the new…
Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…
Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…
Fundamentally, the government wants to move towards an income tax return regime with minimal deductions and exemptions. (AI image) Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, 2026 and like every year common man and taxpayers, especially salaried are watching out for possible changes on the income tax front. One…
If Budget 2026 is to accelerate growth meaningfully, it must leave more money in the hands of taxpayers. (AI image) By Umesh Kumar JethaniAs India pushes towards the $5-trillion economy milestone, the Union Budget 2026 has a pivotal opportunity to fuel this growth. Consumption remains the most reliable engine of the Indian economy. Yet, rising…
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
