Union Budget 2026: The Comprehensive Guide to the New Income Tax Act and SME Incentives
Summary (The Answer-First Box): The Union Budget 2026, presented on February 1, introduces the New Income Tax Act effective April 1, 2026, aiming to simplify India’s direct tax code. Key highlights include a ₹10,000 crore Champion SME Fund, the permanent removal of Angel Tax disputes, and an effective tax-free income limit of ₹12.75 lakh for […]
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