BudgetScan 2026
![Budget 2026 Proposes 30% Tax Rate on Unexplained Income, Including Cash Credits and Investments [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123077-budget-2026-proposes-30-tax-rate-unexplained-income-including-cash-credits-investments-taxscan.webp "Budget 2026 Proposes 30% Tax Rate on Unexplained Income, Including Cash Credits and Investments [Read Finance Bill 2026]")
Budget 2026 Proposes 30% Tax Rate on Unexplained Income, Including Cash Credits and Investments [Read Finance Bill 2026]
The Union Budget for the financial year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, February 1, 2026....
![Budget 2026: FM Proposes ₹200 Per Day Penalty for Delay in Reporting Crypto-Asset Transactions [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123081-budget-2026-fm-proposes-penalty-delay-reporting-crypto-asset-transactions-taxscan.webp "Budget 2026: FM Proposes ₹200 Per Day Penalty for Delay in Reporting Crypto-Asset Transactions [Read Finance Bill 2026]")
![Budget 2026 Brings GST Changes: Finance Bill Amends CGST Act on Post-Sale Discounts u/s 15 [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123066-budget-2026-gst-changes-finance-bill-amends-cgst-act-post-sale-discounts-taxscan.webp "Budget 2026 Brings GST Changes: Finance Bill Amends CGST Act on Post-Sale Discounts u/s 15 [Read Finance Bill 2026]")
![Budget Proposes Hike in Securities Transaction Tax on Futures and Options [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123030-budget-proposes-hike-securities-transaction-tax-futures-options-taxscan.webp "Budget Proposes Hike in Securities Transaction Tax on Futures and Options [Read Finance Bill 2026]")
![Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123020-union-budget-2026-budget-scan-2026-major-corporate-tax-mat-framework-minimum-alternate-tax-taxscan.webp "Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]")
![Budget 2026 Boosts Marine Exports: Duty-Free Fish Catch in EEZ and High Seas [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123005-budget-2026-boosts-marine-exports-duty-free-fish-catch-eez-high-seas-taxscan.webp "Budget 2026 Boosts Marine Exports: Duty-Free Fish Catch in EEZ and High Seas [Read Finance Bill 2026]")
Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). Finance Minister Nirmala Sitharaman,...
![Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122990-union-budget-2026-budget-scan-2026-budget-2026-27-import-tariff-duty-free-medicines-cancer-drugs-taxscan.webp "Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]")
Budget 2026: FM Proposes New Section 147A to Clarify Who Can Issue Reassessment Notices [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Finance Bill, 2026 proposes the...
![Budget 2026: FM Proposes New Section 147A to Clarify Who Can Issue Reassessment Notices [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122996-budget-2026-fm-new-section-147a-clarify-reassessment-notices-taxscan.webp "Budget 2026: FM Proposes New Section 147A to Clarify Who Can Issue Reassessment Notices [Read Finance Bill 2026]")
Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Union budget 2026-27 proposed major...
![Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122949-major-tax-changes-it-sector-safe-harbour-threshold-increased-taxscan.webp "Major Tax Changes in IT Sector: Safe harbour threshold increased from ₹300 crore to ₹2,000 crore [Read Finance Bill 2016]")
Budget 2026: Retrospective Relief Under Black Money Act for Foreign Assets Below ₹20 Lakh [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Budget proposes to provide retrospective...
![Budget 2026: Retrospective Relief Under Black Money Act for Foreign Assets Below ₹20 Lakh [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122946-retrospective-relief-under-black-money-act-foreign-assets-taxscan.webp "Budget 2026: Retrospective Relief Under Black Money Act for Foreign Assets Below ₹20 Lakh [Read Finance Bill 2026]")
![Budget 2026: Govt to Roll Out AI-Enabled Customs Integrated System in 2 Years [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122982-budget-2026-govt-roll-out-ai-enabled-customs-integrated-system-2-years-taxscan.webp "Budget 2026: Govt to Roll Out AI-Enabled Customs Integrated System in 2 Years [Read Finance Bill 2026]")
Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]
Section 34 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the issuance of credit notes and debit note by the suppliers. Under this section, a supplier may issue a credit note when...
![Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123016-budget-2026-27-amendment-s-34-of-cgst-act-credit-notes-post-sale-discounts-taxscan.webp "Budget 2026-27: Amendment to S. 34 of CGST Act Clarifies Validity of Credit Notes for Post-Sale Discounts [Read Finance Bill 2026]")