FY27 Budget Unlikely to Change Income Tax Law, New Rules to Shape Tax Regime

Last updated: 17 January 2026

The Union Budget for FY27 is unlikely to bring sweeping amendments to the income tax law. Instead, the most consequential changes for taxpayers are expected to emerge through a new set ofincome tax rules that will govern the practical operation of the Income Tax Act, 2025, according to two people fa

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