https://www.taxtmi.com/news?id=69412 Budget 2026-27 sets fiscal estimates with a 4.3% BE fiscal deficit and increased public capital expenditure, establishes industrial and infrastructure interventions including Biopharma SHAKTI, ISM 2.0, expanded electronics and textile schemes, an SME Growth Fund, and City Economic Region financing; and implements tax and administrative reforms including a New Income Tax Act from April 2026, TCS/TDS rationalisation, reassessment and prosecution rationalisation, IT sector safe harbour and incentives for non resident data and cloud services, and conversion of MAT into a final tax. en-us Sun, 01 Feb 2026 13:55:10 +0530 Sun, 01 Feb 2026 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69412 Budget 2026-27 sets fiscal estimates with a 4.3% BE fiscal deficit and increased public capital expenditure, establishes industrial and infrastructure interventions including Biopharma SHAKTI, ISM 2.0, expanded electronics and textile schemes, an SME Growth Fund, and City Economic Region financing; and implements tax and administrative reforms including a New Income Tax Act from April 2026, TCS/TDS rationalisation, reassessment and prosecution rationalisation, IT sector safe harbour and incentives for non resident data and cloud services, and conversion of MAT into a final tax. News - Sun, 01 Feb 2026 13:55:10 +0530 https://www.taxtmi.com/news?id=69412