Carbon Capture Utilisation and Storage (CCUS)
across 5 industrial sectors: power, steel, cement refineries and chemicals
outlay at Rs. 20,000 crores over next 5 years
#Budget2026
New Export opportunities
beyond our territorial waters :
fishing in EEZ or High-seas, to be made free of duty
landing of such fish on foreign ports to be treated as Export
#Budget2026
Ease of Living
duty on goods for personal use : reduce rate from 20% to 10%
patients : cancer : reduce duty reduced on 17 drugs/ medicines
7 more rare diseases to be included in terms of drugs, special foods
#Budget2026
Indirect Taxes
simplify tariff structure, promote export
remove exemptions on items being manufactured in India or where imports are negligible
#Budget2026
MAT tax credit
available to companies only under New Regime
1/4th of the tax liability
MAT is proposed to be made Final Tax to ensure no further credit accumulation
reduced rate to 14%
#Budget2026
Data Centres
Tax holiday till 2047 to any Foreign company providing cloud services globally from India, but via an Indian reseller entity
safe-harbour of 15% on cost, in case a related entity
#Budget2026
Supporting IT sector
ITES, KPOs, Contract R&D services for software development
clubbed under single category of Info Tech Services with 15.5% margin for all
safe-harbour limit increased to Rs. 2,000 crore
APA agreements : fast-track
#Budget2026
Rationalise prosecution framework
non-production of account books, TDS : de-criminalised
minor offences : fines only
maximum imprisonment limited to 2-years
#Budget2026