The Union Budget 2026–27 has aimed to instil confidence and induce private investment through measures focused on improving ease of doing business.
The rationalisation of TDS rates, simplification of TCS on foreign travel, extension of the timeline for filing revised returns until March 31, modifications in the disclosure of foreign assets and income, and the decriminalisation of certain income tax matters are welcome features, said CA G Karthikeyan, Auditor and President, The Start up Academy, commenting on the Budget presented recently.
He said the allocation towards infrastructure, covering physical infrastructure (₹12.2 lakh crore), digital infrastructure and social infrastructure, will substantially support employment generation and enhance gross value addition.
He added that the announcements related to startups will continue to boost the morale of the entrepreneurial ecosystem.
