Industry Insight Sought for Union Budget 2026-27 Tax Changes
The Finance Ministry seeks trade and industry suggestions on tax changes and compliance for the 2026-27 Union Budget, set for February 2026. Suggestions should include economic justifications, statistical data, and potential revenue impacts. Focus areas include direct and indirect taxes, with an emphasis on rationalizing tax incentives and exemptions.
- Country:
- India
The Finance Ministry has invited trade and industry representatives to propose tax rate adjustments and compliance enhancements for the 2026-27 Union Budget, slated for presentation on February 1, 2026.
In a routine outreach, the Revenue Department's Tax Research Unit urged associations to submit their insights by November 10, focusing on both direct and indirect tax structures.
Proposals should be economically justified and supported with statistics on production, pricing, and revenue impacts, encouraging a comprehensive approach to refining the fiscal landscape.
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