https://www.taxtmi.com/news?id=38884 Parliament finalised Budget FY26 enactment by returning the Finance Bill with 35 amendments and the Appropriation Bill, including an amendment abolishing the digital advertising tax and a move to raise the income tax threshold to exempt more taxpayers. The budgetary framework proposes higher total and capital expenditure, increased allocations for Centrally Sponsored and central sector schemes, larger transfers to states, projected gross tax revenue and borrowings, and a lower fiscal deficit supported by stated GDP and expenditure drivers such as interest payments and defence spending. en-us Thu, 27 Mar 2025 19:46:03 +0530 Thu, 27 Mar 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38884 Parliament finalised Budget FY26 enactment by returning the Finance Bill with 35 amendments and the Appropriation Bill, including an amendment abolishing the digital advertising tax and a move to raise the income tax threshold to exempt more taxpayers. The budgetary framework proposes higher total and capital expenditure, increased allocations for Centrally Sponsored and central sector schemes, larger transfers to states, projected gross tax revenue and borrowings, and a lower fiscal deficit supported by stated GDP and expenditure drivers such as interest payments and defence spending. News - Thu, 27 Mar 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=38884