Finance Minister announces to introduce She-Mark for women entrepreneurs.
Introduce She-Mark for women entrepreneurs to help access to credit linked products and innovative financial instruments.
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Live Updates and discussion on Union Budget 2026-2027
#UnionBudget2026 16th Finance Commission has recommended 41% tax devolution to states — the highest yet, Finance Minister Nirmala Sitharaman says.
Budget 2026 : Finance Minister Nirmala Sitharaman proposes an archeological revival in her budget speech.
• 15 sites like Sarnath, Hastinapur to become vibrant cultural hubs
• Digital Knowledge Grid to document key heritage places
• New roles for local researchers, historians, tech partners
• Development of tourism, knowledge economy around sites
the government will support the Artificial Limbs Manufacturing Corporation of India to scale up production of assistive devices and invest in R&D and AI.
Debt to GDP ratio estimated at 55.6% of GDP in 2026-27 vs 56.1% in 2025-26
Fiscal deficit estimated at 4.3% of GDP for 2026-27
Rs 1.4 lakh crore to states as Finance Commission grants
Northeast gets boost with push to 'Mission Purvodaya'
Sitharaman says the Northeast will now get a boost with a push to the Centre’s ‘Mission Purvodaya’. “I propose the development of an integrated East-Coast industrial corridor with well connected road at Durgapur, creation of five tourism destinations in five Purvodaya states, and provision of 4,000 e-buses.
TCS Limit on tour package reduced from 5%/ 20% to 2% without any limit.
Govt has accepted recommendation of 16th Finance Commission
FM says govt has accepted recommendation of 16th Finance Commission to retain vertical share of devolution at 41%
Have provided Rs 1.4lakh cr to states for FY27 as per Finance Commission recommendations
Govt has accepted recommendation to retain 41% share for states; Rs 1.4 lakh crore for states in FY27 as SFC grants
The New Income Tax Act 2025 to become applicable from 01.04.2026. #FinanceMinister
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Comprehensive review of the Income Tax Act 1961 announced
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Income Tax Act 2025 to come into effect from April 2026
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Simplified income tax forms to be notified soon.#FinanceMinister
#FM People with ITR-1 and ITR-2 forms can file returns till July 31
More time to revise tax returns with payment of nominal fee
Time limit to file ITR increased from 31st December to 31st March.#UnionBudget
Interest awarded by Motor Accident Claims Tribunal to individuals will be tax-exempt, and no TDS will be deducted. #UnionBudget
Union Budget 2026 :
1.People can update returns even after reassessment proceedings completed
2. Non-audit business cases and trusts allowed to file returns till August 31
3. TDS on sale of immovable property by NRI to be deducted by resident buyer
4. Proposal to rationalise prosecution framework in Income Tax Act
Supply of Manpower Services to be brought under the ambit of Section 194C of the Income Tax Act 1961.
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