Nirmala Sitharaman suggested making it harder for cryptocurrency firms to comply with reporting requirements and creating a system of penalties for noncompliance. Budget 2026 Crypto Penalties and Reporting Burden According to the recommendations, companies that deal with cryptocurrencies and virtual assets might be fined INR 200 per day for failing to provide transaction statements and … Read more
In an effort to strike a balance between growth and stability in the face of trade tensions and global economic uncertainty, Finance Minister Nirmala Sitharaman unveiled her ninth Union Budget in Parliament on Saturday. It included a combination of infrastructure push, fiscal prudence, and sector-specific incentives. Budget 2026 Overview and Economic Outlook Despite a precarious … Read more
Finance Minister Nirmala Sitharaman said that the Budget 2026, which was submitted to the Parliament on February 1, proposes to eliminate customs duties on aircraft manufacturing components in an effort to strengthen the industry. Budget 2026 Boost for India’s Aviation Manufacturing Sector The number of parts or components used to construct airplanes, including engines, has … Read more
Tax specialists are increasingly advocating for a reset of India’s long-term savings incentives as the Union Budget 2026 draws near, claiming that current provisions have not kept up with inflation, growing living expenses, and changing employment trends. Budget 2026 and the Need to Reset Long-Term Savings Incentives Section 80C of the Income-tax Act, which is … Read more