FY27 capex is in line with est, 9% higher than FY26
๐ดFY27 Capital Expenditure Seen At Rs 12.2 Lk Cr Vs Rs 10 Lk Cr In FY26 #Budget2026
๐ดFY27 Capital Expenditure Seen At Rs 12.2 Lk Cr Vs Rs 10 Lk Cr In FY26 #Budget2026
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"Corporate Mitras" will be trained to assist MSMEs in Tier 2 and 3 towns to meet compliance
Infrastructure boost in Tier 2 and Tier 3 city with 5 lakhs + Population #Infra #Budget2026
Infrastructure boost in Tier 2 and Tier 3 city with 5 lakhs + Population #Infra #Budget2026
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New Dedicated Freight Corridor connecting Dankuni in West Bengal to Surat in Gujarat #Budget2026 #Railways
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7 New High Speed Bullet Train Corridors to be developed:
Mumbai - Pune
Pune - Hyderabad
Hyderabad - Chennai
Chennai - Bengaluru
Delhi - Varanasi
Varanasi - Siliguri
#Railways #Budget2026
Mumbai - Pune
Pune - Hyderabad
Hyderabad - Chennai
Chennai - Bengaluru
Delhi - Varanasi
Varanasi - Siliguri
#Railways #Budget2026
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Residents living outside India can now do investments in equity via a portfolio plan, propose upping the individual invest limit to 10% from 5% for Persons Resident Outside India #Budget2026
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Aim for 10% share of global services sector by 2047, services sector panel to assess impact of emerging #tech, #AI on jobs. To set up 5 regional hubs to promote medical tourism #Budget2026
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The Union Finance Minister proposed an outlay of โน20,000 crore over the next 5 years in Carbon Capture Utilization and Storage (CCUS) technologies to scale up and achieve higher readiness levels in end-use applications across #Budget2026
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To scale up manufacturing in strategic and frontier sectors, the Union Finance Minister N Sitharaman proposed the following #Budget2026
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N Sitharaman announces ๐๐ง๐ข๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ข๐ฌ๐ฎ๐๐ฅ ๐๐๐๐๐๐ญ๐ฌ, ๐๐๐ฆ๐ข๐ง๐ , ๐๐ง๐ ๐๐จ๐ฆ๐ข๐๐ฌ (๐๐๐๐) ๐๐จ๐ง๐ญ๐๐ง๐ญ ๐๐ซ๐๐๐ญ๐จ๐ซ ๐ฅ๐๐๐ฌ to be set up by Indian Institute of Creative Technologies in 15,000 secondary schools and 500 colleges across India #Budget2026
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Union Finance Minister Nirmala Sitharaman says,"... I propose to set up three new All India Institutes of Ayurveda; Upgrade Ayush pharmacies and drug testing labs and make available more skilled persons; Upgrade the WHO global Traditional Medicine Centre in Jamnagar" #Budget2026 #Health
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The Finance Minister proposes to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors. #Budget2026 #Mining
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Union Finance Minister N Sitharaman proposed multiple steps in towards setting up new institutes, University townships, girls hostel and telescope infrastructure facilities in investment in higher #education sector #Budget2026
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Finance Minister reiterated Governmentโs consistent delivery on fiscal commitments without compromising on social needs. #Economy #Budget2026
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Union Finance Ministe proposed multiples proposals for farmers, animal husbandry, veterinary professionals, especially for women-led rural enterprises. #agriculture #Budget2026
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TCS Rates reduced on foreign travel and foreign education from 5-20% to 2%, keeping in mind Millions of Indians travelling abroad.
Deadline for filing ITR-1 and ITR-2 will continue to be July 31
FM introduces 6 month foreign asset disclosure scheme for tax payers.
FM announces a comprehensive review of the income Tax Act 1961. This was completed in the record time and the income tax Act 2025 will come into effect from April 2026. The simple income tax forms will be notified shortly.
Misreporting of income will attract a penalty equal to 100% of the tax amount.
At present, there is no penalty for non-disclosure of non immovable property, but this will now attract a penalty
FM proposes to allow inter cooperative society dividend income as deduction under the new tax regime, to the extent it is further distributed to its members.
#Budget2026
Deadline for filing ITR-1 and ITR-2 will continue to be July 31
FM introduces 6 month foreign asset disclosure scheme for tax payers.
FM announces a comprehensive review of the income Tax Act 1961. This was completed in the record time and the income tax Act 2025 will come into effect from April 2026. The simple income tax forms will be notified shortly.
Misreporting of income will attract a penalty equal to 100% of the tax amount.
At present, there is no penalty for non-disclosure of non immovable property, but this will now attract a penalty
FM proposes to allow inter cooperative society dividend income as deduction under the new tax regime, to the extent it is further distributed to its members.
#Budget2026
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IT/ITES/Contract R&D proposed to be clubbed under 15.5% Safe Harbour, increased safe harbour limit from โน300 cr to โน2,000 cr for #IT services
I propose to provide tax holiday till 2047 to any foreign company that provides cloud services, provided they service Indian customers: FM Sitharaman. #Tech #Economy #Policy #Budget2026
I propose to provide tax holiday till 2047 to any foreign company that provides cloud services, provided they service Indian customers: FM Sitharaman. #Tech #Economy #Policy #Budget2026
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