https://www.taxtmi.com/article/detailed?id=15820 Budget 2026 introduces the Finance Bill and policy reforms focused on fiscal consolidation and sectoral transformation, including the proposed New Income Tax Act, 2025 effective April 2026, IndAS alignment with tax accounting from tax year 2027-28, and binding intergovernmental allocations under the 16th Finance Commission. It couples macro targets for reduced fiscal deficit and debt to GDP with targeted measures for manufacturing, MSME support, infrastructure financing, energy security and institutional reforms that together reshape compliance, reporting and public financing priorities. en-us Fri, 06 Feb 2026 09:26:48 +0530 Fri, 06 Feb 2026 09:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15820 Budget 2026 introduces the Finance Bill and policy reforms focused on fiscal consolidation and sectoral transformation, including the proposed New Income Tax Act, 2025 effective April 2026, IndAS alignment with tax accounting from tax year 2027-28, and binding intergovernmental allocations under the 16th Finance Commission. It couples macro targets for reduced fiscal deficit and debt to GDP with targeted measures for manufacturing, MSME support, infrastructure financing, energy security and institutional reforms that together reshape compliance, reporting and public financing priorities. Articles Budget - Tax Proposals Fri, 06 Feb 2026 09:26:48 +0530 https://www.taxtmi.com/article/detailed?id=15820