Recognising the need to enable critical infrastructure and boost investment in data centres, Finance Minister Nirmala Sitharaman has proposed to provide tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India
One of the most impactful announcements for the sector is the reduction in Tax Collected at Source (TCS) on overseas tour packages to a flat 2%. By easing the upfront financial burden on travellers, this policy is set to enhance affordability, encourage outbound travel, and stimulate dema
Shah expressed his views soon after Finance Minister Nirmala Sitharaman presented her ninth Budget in the Parliament. While no changes were announced to the tax slabs, Sitharaman announced the implementation of the New Tax Act from April 1, 2026. This was the first time in the history of
Presenting the Budget, Finance Minister Nirmala Sitharaman announced a set of indirect tax measures in the Union Budget 2026-27, aimed at further simplifying the tariff structure, supporting domestic manufacturing, promoting export competitiveness, and correcting inversion in duty.
The domestic equity markets witnessed heavy selling pressure on Sunday as stocks fell sharply during Finance Minister Nirmala Sitharaman's Union Budget 2026 speech, with investors reacting strongly to a steep increase in Securities Transaction Tax (STT) on futures and options (F&O) tr
In an effort to discourage futures and options (F&O) trading, Finance Minister Nirmala Sitharaman has proposed to raise Securities Transaction Tax (STT) on such derivatives trade.
Speaking while presenting the Union Budget 2026-27, Sitharaman announced that these segments will be brought under a single category named "Information Technology Services".
Union Finance Minister Nirmala Sitharaman on Sunday announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing relief to common taxpayers.
In a post on X, Stalin listed a series of demands, asking whether the Budget would include a Rs 3,548 crore education fund to support the studies of students who have been detained and not promoted, funding for Coimbatore and Madurai Metro Rail projects, Rs 3,112 crore for the Jal Jeevan
The gross Goods and Services Tax (GST) collections reached Rs 1,93,384 crore in January 2026, registering a robust year-on-year growth of 6.2 per cent, according to government sources.
Speaking to ANI, Maitri, a female entrepreneur, expressed her hopes for tax reductions on everyday essentials such as gas burners, purifiers, etc. She also highlighted the need for an effective tax structure, stating that women-led businesses should be "tax-free" to create more opportunit
One passenger said he had high hopes for the Budget, praising last year's exercise in which income tax slabs were revised. He said the Budget holds added significance amid the changing global order, as India is emerging as a soft power and strengthening its international relations.