Presented on February 01 2026, The Union Budget 2026 signals a strong focus towards simplification, trust-based taxation, and ease of doing business.
📌 What stands out:
- Push for voluntary compliance and reduced litigation
- Rationalization of penalties, unexplained income taxation & ITR due dates
- Simplified TDS/TCS and capital gains reforms, including buy-back taxation
- GST reliefs on valuation, refunds, and intermediary services
- Business-friendly measures in transfer pricing, PF/ESI and other compliances
Overall, the Budget focuses on certainty, compliance ease, and long-term growth.