Скачать или смотреть Budget 2026 Explained: 10 Income Tax Changes That Will Reshape How Indians Save And File Returns

Budget 2026 has quietly redrawn the rules of income tax in India, triggering a reset that will directly impact how millions of Indians earn, save, invest and file returns from April 1, 2026. At the heart of the reform is the new Income Tax Act, 2025, which replaces the 1961 law with simpler language, fewer disputes and digital-first compliance. Key changes include lower TCS on overseas education and medical remittances, extended timelines for revised returns, higher STT on equity futures and options, tighter rules for Sovereign Gold Bonds bought from secondary markets, and a major correction in share buyback taxation that benefits long-term investors. Budget 2026 also introduces a one-time foreign asset disclosure scheme focused on compliance, not prosecution, while easing TDS processes through automation and depositories. Crypto investors face stricter reporting penalties, and NRIs buying property in India get relief from complex TDS procedures. Together, these ten changes signal a clear message from the government — simplify compliance, tighten reporting and modernise India’s tax system for the next decade.

#budget2026 #incometax #itact #taxreformindia #nirmalasitharaman #itrfiling #stt #cryptotax #nritax #goldtax #sharebuyback #indiabudget #india #toi #toibharat #bharat #trending #breakingnews #indianews
——————————————————————————————————————————

TOI Bharat – Your Window to India And Its Neighbourhood


TOI Bharat delivers the latest news, biggest voices, sharpest views and in-depth coverage of India’s political, social and economic landscape. Stay updated will all things making news in India and the subcontinent. We keep you informed. Your Nation. Your Voice


India News | Breaking News | Indian Politics I Indian Subcontinent I India I Bangladesh I Pakistan I Nepal I Sri Lanka I Bhutan

Join Millions Reading TOI; Download Our App At http://toi.in/app-yt

#TOIBharat #IndiaNews #BreakingNews

Subscribe to TOI Bharat and press the bell icon to stay updated with our latest videos!
Visit our website: https://www.timesofindia.com/