The Budget extends deductions for primary cooperatives to cattle feed and cotton seed supplies while easing tax treatment of dividend income. The move aims to improve financial sustainability and member benefits.
The Budget exempts non-residents paying tax on a presumptive basis from MAT while offering targeted income tax holidays. These measures aim to improve tax certainty and attract foreign investment.
The Budget introduces exemptions, lower TCS rates, and simplified compliance to reduce taxpayer burden. Key relief includes tax-free MACT interest and extended timelines for return revision.
The Budget confirms that the Income Tax Act, 2025 will take effect from 1 April 2026 with redesigned rules and forms. The move aims to simplify understanding and improve voluntary compliance.
The Budget proposes a single integrated order for assessment and penalty to avoid parallel proceedings. The key takeaway is reduced compliance burden and faster resolution of tax disputes.
The Budget sharply increases the safe harbour threshold for IT services from ₹300 crore to ₹2,000 crore. This brings a much larger segment of IT companies under a simplified transfer pricing regime.
The Budget proposes reducing customs duty on all dutiable personal imports from 20% to 10%. The key takeaway is direct relief for travellers and individuals importing goods for personal use.
The Budget proposes moving effective duty rates into the tariff and removing outdated exemptions. The key takeaway is greater transparency and easier determination of applicable customs duties.
The Budget outlines a reform-driven roadmap centred on manufacturing, infrastructure expansion, and fiscal discipline. The key takeaway is a sustained push for long-term growth backed by targeted investments and structural reforms.
The Budget outlines a three-pronged framework focused on economic growth, capacity building, and inclusive development. Higher public investment and sector-specific reforms form the core strategy.
