Ahead of the Budget, expectations are rising across sectors, particularly on the income-tax (IT) front. However, with the proposed Income-tax Act, 2025 already introduced, some industry experts expect limited substantive changes on the direct tax front in the upcoming Budget.
Budget 2026 Expectations LIVE: Centre May Raise RDSS Allocation to ₹18,000 Cr
The Centre is likely to increase the annual allocation for the Revamped Distribution Sector Scheme (RDSS) to ₹18,000 crore in the upcoming Union Budget
Union Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1. The Budget Session of Parliament will be held from January 28 to April 2. The Economic Survey will be tabled ahead of the Budget by Chief Economic Advisor V Anantha Nageswaran.
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Budget 2026 Expectations LIVE: Tax Experts Call for Prioritization of Tax Certainty Over Big I-T Changes
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“One of the most pressing areas requiring attention is the simplification of compliance, particularly in the area of tax deduction at source. TDS is not a tax on the deductor’s income; rather, the deductor acts as an agent of the State, facilitating tax collection,” said Dinesh Kanabar, Chairman and Chief Executive Officer of Dhruva Advisors India Private Limited.