2026 Union Budget of India 01 Feb 2026 2625 Views BUDGET Highlights Finance Minister`s Speech Key to Budget Document, 2026 Budget Highlights (Key Features) Memorandum Explaining the Provisions in the Financial Bill Finance Bill Statements of Fiscal Policy under the FRBM Act, 2003 Output Outcome Framework for Schemes 2026-2027 Implementation of Budget Announcements 2025-2026 Tax Reforms Budget at a Glance (Full) Amendments Proposed Amendments Proposed by Finance Bill, 2026 Regarding Taxation of Sovereign Gold Bonds TCS vis-a-vis Finance Bill, 2026 Insertion of Section 292BA in 1961 Act -- Whether Validates Omission of DIN? Print lost in the pages -- Part-2 [Revised Return, Reassessment and Updated Return] JAO vs. FAO -- A controversy put to indecent burial via Finance Bill, 2026? Print lost in the pages -- Finance Bill, 2026 -- Part-1 [Buyback taxation] BUDGET - Live Commentary Hon'ble Finance Minister Nirmala Sitharaman will present the budget on February 1, 2026 12:25 PM Union Finance Minister Nirmala Sitharaman has completed the presentation of the Interim Union Budget 12:21 PM Sitharaman proposes to reduce the tariff rate on all dutiable goods imported for personal use from 20% to 10% all right. 12:20 PM Budget proposes to rationalise definition of accountants for safe harbour rules to promote home-grown accounting firms 12:19 PM Centre proposes joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards 12:18 PM FM Sitharaman proposed a change in the taxation of buybacks to address improper use. The government will tax buybacks for all types of shareholders as capital gains. 12:17 PM National Destination Digital Knowledge Grid will be established to digitally document all places of significance, states FM Sitharaman 12:15 PM MAT to be made final tax; rate reduced to 14%, from current 15%, announces FM Sitharaman 12:13 PM IT services companies who want to conclude advance pricing agreement process for IT services and endeavor to conclude it within a period of two years 12:11 PM FM proposes provide to provide tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data center services. 12:10 PM No interest liability on the taxpayer on penalty amount for period of appeal before 1st appellate authority, irrespective of outcome-Sitharaman 12:08 PM Manpower Services: Supply of manpower services brought under contractor payments for TDS purposes to eliminate ambiguity. 12:07 PM Motor Accident Compensation: Interest awarded by the Motor Accident Claims Tribunal to natural persons exempted from income tax. 12:05 PM FM Sitharaman proposes a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs 12:00 PM FM introduces the deadline for filing ITR-1 and ITR-2 will continue to be July 31 and TCS on medical and education reduced from 5% to 2% 11:53 AM FM Sitharaman proposes TCS rate on overseas tour package reduced from 5-20% to 2% 11:52 AM FM announces the Income Tax Act 2025 will come into effect from April 2026. 11:51 AM FM Sitharaman proposes to increase public CAPEX to ₹12.2 lakh crore for FY27 11:48 AM To support high value crops such as coconut, cashew in coastal areas. Sitharaman promised to work towards making India self-relaint in their production and trade 11:46 AM Khelo India Mission to transform sports sector over next decade, says FM Nirmala Sitharaman 11:46 AM FM Sitharaman proposes setup of ‘Education to Employment and Enterprise’ Standing Committee 11:44 AM Recognising Micro, Small, and Medium Enterprises (MSMEs) as a vital engine of growth, FM Sitharaman proposed a three pronged approach to grow as ‘Champions’. Equity support, Liquidity support and Professional support 11:40 AM Budget proposes to support of Indian Institute of Creative Technologies Mumbai for setting up content labs in 15,000 secondary schools 11:35 AM Centre to support states in setting up five hubs for medical tourism, says FM Sitharaman 11:33 AM Finance Minister announced the Mahatma Gandhi Gram Swaraj Initiative to boost the khadi, handloom and handicraft sectors. 11:31 AM Outlay of Rs 20,000 cr proposed for launch of carbon capture and utilisation scheme across sectors like steel and cement, says FM Sitharaman 11:30 AM FM announces market making framework,restructuring of PFC and REC – 100 CR rupees for a single bond issuance of more than 1000 cr 11:29 AM FM proposes developing 7 high speed corridors between cities as growth connectors 11:28 AM Public capital expenditure has increased manifold from 2 lakh crore in 2014-15 to an all-occupation of 11.2 lakh crore in BE 25-26 11:26 AM Budget proposes to set up Rs 10,000 crore to create champion SMEs, says FM Nirmala Sitharaman 11:25 AM FM proposes to make TReDS as transaction platforms for all purchases from MSMEs by central public sector enterprises 11:23 AM FM Sitharaman says ‘Reform Express’ to help government fulfill its kartavya 11:22 AM Keeping atmanirbharta as a lodestar, we have built domestic manufacturing capacity, energy security and reduced critical import dependencies, says Finance Minister 11:20 AM High-tech tool rooms to be established at two locations to give push to capital goods manufacturing, says Finance Minister 11:20 AM FM proposes setting up mega textile parks with focus on value addition to technical textiles 11:16 AM Centre to back critical mineral facilities in Odisha, Kerala, Andhra Pradesh, Tamil Nadu 11:15 AM We will launch India`s semiconductor mission 2.0 to produce equipment and materials, design full stack, Indian IP and fortify supply chains, says FM Sitharaman 11:13 AM `Biologic medicines are key to longevity and quality of life at affordable costs,` says FM 11:12 AM We have built domestic manufacturing capacity, energy security and reduced critical import dependencies, says FM Sitharaman 11:10 AM Will ensure that dividends of growth reach every farmer, scheduled caste, scheduled tribe, and youth, says FM Sitharaman 11:06 AM Nirmala Sitharaman delivers Budget speech, says `India will continue to take steps towards Viksit Bharat` 11:00 AM Finance Minister Nirmala Sitharaman presents the Union Budget for the financial year 2026–27 10:39 AM Cabinet has approved Union Budget 2026. Finance Minister Nirmala Sitharaman will now proceed to the Lok Sabha 09:59 AM Finance Minister Nirmala Sitharaman holdings the Cabinet meeting at the Parliament ahead of her Budget 2026 speech 09:20 AM Finance Minister Nirmala Sitharaman has reached Rashtrapati Bhavan, set to present 9th Budget. - The Budget speech by Union Finance Minister Nirmala Sitharaman will begin at around 11 am. FM Nirmala Sitharaman to deliver 9th Union Budget today