Budget 2026: Decoding the Tax Transition for a Viksit Bharat 🇮🇳
𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲: 𝗗𝗲𝗰𝗼𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗧𝗮𝘅 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗮 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 🇮🇳 The Union Budget 2026-2027 marks a significant shift in India’s fiscal landscape, primarily driven by the transition to the Income Tax Act, 2025, effective from April 1, 2026. This budget balances aggressive growth with tax simplification and "𝗘𝗮𝘀𝗲 𝗼𝗳 𝗟𝗶𝘃𝗶𝗻𝗴". Here are the critical tax takeaways for professionals, investors, and businesses: 1. 𝘿𝙞𝙧𝙚𝙘𝙩 𝙏𝙖𝙭: 𝙎𝙞𝙢𝙥𝙡𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣 & 𝘾𝙞𝙩𝙞𝙯𝙚𝙣 𝙍𝙚𝙡𝙞𝙚𝙛 📑 The government has introduced measures to make tax compliance smoother for the common man: * 𝘙𝘦𝘥𝘦𝘴𝘪𝘨𝘯𝘦𝘥 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦: Forms and rules have been simplified so ordinary citizens can comply without difficulty. * 𝘌𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘋𝘦𝘢𝘥𝘭𝘪𝘯𝘦𝘴: Taxpayers now have until March 31 to revise their returns. * 𝘚𝘭𝘢𝘴𝘩𝘦𝘥 𝘛𝘊𝘚 𝘙𝘢𝘵𝘦𝘴: Tax Collection at Source (TCS) on overseas tour pack...