https://www.taxtmi.com/news?id=69392 The Budget projects a fiscal deficit of 4.3 per cent of GDP for 2026 27 (down from 4.4 per cent), sets the Budget at Rs 53.5 lakh crore with net tax receipts of Rs 28.7 lakh crore and Rs 1.4 lakh crore tax devolution to states, and announces implementation of the Income Tax Act, 2025 from April 1 with rules and return forms to be notified. en-us Sun, 01 Feb 2026 12:31:04 +0530 Sun, 01 Feb 2026 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69392 The Budget projects a fiscal deficit of 4.3 per cent of GDP for 2026 27 (down from 4.4 per cent), sets the Budget at Rs 53.5 lakh crore with net tax receipts of Rs 28.7 lakh crore and Rs 1.4 lakh crore tax devolution to states, and announces implementation of the Income Tax Act, 2025 from April 1 with rules and return forms to be notified. News - Sun, 01 Feb 2026 12:31:04 +0530 https://www.taxtmi.com/news?id=69392