Price range 2026 LIVE: Finance Minister proposed to boost STT on futures trades to 0.05 per cent from 0.02 per cent. On choices premium and train of choices, the STT on each is proposed to be raised to 0.15 per cent from 0.1 per cent and 0.125 per cent, respectively.
Nirmala Sitharaman, Union Finance Minister, introduced a sequence of tax-related proposals within the Union Price range 2026 geared toward bettering ease of dwelling, simplifying compliance and offering reduction to widespread taxpayers. Presenting the Price range in Parliament on February 1, the Finance Minister stated the federal government’s focus is on making the earnings tax system less complicated and extra citizen-friendly. As a part of this effort, she introduced that any curiosity awarded by the Motor Accident Claims Tribunal to a pure particular person shall be exempt from earnings tax. This transfer is predicted to instantly profit accident victims and their households, making certain that compensation acquired isn’t lowered on account of tax deductions. Sitharaman additionally introduced a serious discount in tax assortment at supply on abroad spending. She proposed to cut back the TCS fee on the sale of abroad tour programme packages to 2 per cent. At the moment, the TCS charges stand at 5 per cent and 20 per cent. The Finance Minister clarified that the lowered fee of two per cent will apply with none stipulation of quantity, making overseas journey transactions less complicated and fewer burdensome for taxpayers.
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