Page 514 - Budget 2026 News
Service tax to pinch more
SERVICES: Negative list of 17 services introduced
Higher excise to net Rs 16,910 crore
INDIRECT TAX: Cenvat rate raised from 10 to 12% large cars to attract 24%
Govt bullish on non-tax revenue growth
NON-TAX REVENUE: Major contribution expected from auction of spectrum freed by Supreme Court?s cancellation of 122 2G licences
Infra tax-free bond issuance doubled
INFRASTRUCTURE: Analysts say the government expects a major part of the Rs 60,000 cr to come from the private sector
Doors wide open for external commercial borrowings
EXTERNAL BORROWINGS: Power, aviation, roads, low-cost housing can look for foreign funds withholding tax on interest payments slashed
Greener pasture for private funds in agri
AGRICULTURE & IRRIGATION: Focus on roping in private sector to improve irrigation, seed development and infrastructure
Defence budget shoots up 17%
DEFENCE: Outlays indicate the nod for procurement of aircraft may be pushed to the next financial year
Fund window opens for low-cost houses
HOUSING: Minister allows external commercial borrowing for low-cost housing and proposes a trust for loans
Pranab vows to foot food security bill
FOOD SECURITY: Centralised network mooted to check leakages of foodgrains supplied through the public distribution system
Govt cracks the whip on black money
BLACK MONEY: I-T officials will be allowed to open filings up to 16 years 30% tax on unexplained cash
Some relief as tax slabs get rejigged
PERSONAL INCOME TAX: Exemption for long-term infra bonds goes, MAT introduced for Rs 20 lakh and above
FM asks for foreign asset details and TDS on property sale
TAX ASSESSMENT: Taxman may dig out 16-year-old cases
Part of your health check just got tax-free
INSURANCE: Till now, only premium on health insurance was allowed as a deduction under 80 D
Now, you can bring more electronic goods from abroad
BAGGAGE ALLOWANCE: Frequent travellers feel the Rs 10,000 increase is inadequate