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Budget 2026 brings relief for overseas travellers by cutting TCS on foreign tour packages to a flat 2%, easing upfront cash-flow pressure for households planning international trips.
With Budget 2026 tightening the tax treatment of Sovereign Gold Bonds (SGBs), investors now need to reassess their gold strategies more carefully while selling gold
Property inherited before June 17, 1956, qualifies as ancestral. Inheritances after that date are treated as personal property under the Hindu Succession Act, 1956.
For FY27, the government has estimated that it will collect Rs 73,700 crore via STT, which is lower than the FY26 budget estimate of Rs 78,000 crore for STT collection. The levy has already seen a dip in FY26 due to reduced volumes especially in the F&O segment prompting the government to revise its STT collection estimate for the current financial year downwards to Rs 63,700 crore.
What the latest Budget indicates for financial assets, deposits and long-term investing
Subsections 427 and 428 of the Finance Bill makes changes to penalties and fee for income-tax compliance
Under the presumptive taxation rule, while key tax benefits do not apply to the new tax regime, consultants opting for the old regime face higher tax slab rates.
Budget 2026 focuses on compliance-friendly reforms, easing return timelines, rationalising TCS, and encouraging voluntary disclosure, while preparing taxpayers for a smoother transition to the new income tax act
Budget 2026 focuses on easing compliance, extending filing timelines, and reducing litigation for taxpayers.
The crypto market continues to hope for tax relaxations, deductions on gains, as well as policy clarity.
Budget 2026 offers continuity over quick wins, signaling steady, long-term growth for disciplined investors.
FM proposes allowing depositories to accept Form 15G, 15H, reducing repeated filings for share investors.
The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier compliance
Resident individuals and HUFs can now deduct tax using a simple PAN-based form, which is similar to regular domestic property sales, says analyst.
Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly influence how much tax a taxpayer finally pays
Taxpayers will be allowed to update returns even after reassessment begins by paying an extra 10% tax. The assessing officer will rely only on this revised return for further proceedings.
Budget 2026 maintains tax stability for senior citizens, with no new exemptions, TDS relief, or targeted healthcare deductions.
The old tax regime works best for individuals who can claim multiple deductions. In contrast, the new tax regime is tailored for taxpayers without such deductions offering lower tax rates.
It is proposed to extend the prescribed time limit for filing a revised return from the existing nine months to twelve months from the end of the relevant tax year
From LTCG vs STCG to indexation and loss set-off, here’s a simple guide to how capital gains are taxed across assets
Tax-free redemption of Sovereign Gold Bonds will be allowed only for original buyers who hold the bonds till maturity, starting from April 2026
SGBs bought from the secondary market will not qualify for capital gains exemption
Budget 2026 updates income tax slabs and deductions—see how old, new, and proposed regimes affect your taxes.
Capital gains tax in India is levied on profits from the sale of capital assets, such as property, shares, or mutual fund investments
Finance minister Nirmala Sitharaman proposed to implement the New Tax Act, 2025 from April 1, 2026, which marks a structural shift from the long-standing Income Tax Act, 1961, with the objective of simplifying tax law and improving clarity for taxpayers.
