Business

The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…

Why the Weak Rupee and Peso Are Turning Into a Remittance Windfall for UAE Expats and Should You Send Money Now? A softening Indian rupee, Pakistani rupee and Philippine peso, trading near multi-year lows against the UAE dirham, is emerging as a remittance opportunity for expatriates in the UAE, prompting many workers to rethink when…

By Thomas V Abraham, Research Analyst, Mirae Asset ShareKhanIndia’s stock markets kicked off the special Sunday session on a flat-to-positive note, with Sensex touching an intraday peak near 82,726 and Nifty nearing 25,357. However, sentiment soured quickly after Budget 2026 announcements, dragging indices into the red amid targeted tax hikes and unmet expectations.Key triggers for…

Shares of brokerage-linked and exchange-related companies fell sharply by up to nearly 12 per cent after Finance Minister Nirmala Sitharaman proposed an increase in the Securities Transaction Tax (STT) on derivatives in the Union Budget 2026-27, according to PTI.In her Budget speech, Sitharaman announced that STT on futures contracts would be increased to 0.05 per…

PTI file photo Finance Minister Nirmala Sitharaman, presenting the Union Budget on Sunday, announced a new scheme to support states in setting up five regional medical hubs in partnership with the private sector. These hubs will function as integrated healthcare complexes, combining medical care, education, and research, and aim to position India as a leading…

Union Budget 2026: Every year, one of the main components of the Budget presentation is the income tax, as taxpayers keenly watch for changes in the slabs, tax rates and other factors — which may ease their tax burden! However, post Finance Minister Nirmala Sitharaman’s Union Budget speech, the income tax framework remains unchanged from…

The Union Budget 2026-27 proposed a series of measures impacting Non-Resident Indians (NRIs) and other overseas individuals, easing compliance in property transactions and widening access to Indian equity markets.Finance minister Nirmala Sitharaman presented her ninth consecutive Union Budget on Sunday, becoming the first finance minister in India to achieve this milestone, and also the first…

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday presented the Union Budget for the financial year 2026-27 in the Lok Sabha during the ongoing Budget session of the Parliament, bringing a mixed reaction from political parties across the spectrum.While presenting her ninth consecutive Budget, the finance minister announced that the capital expenditure target will be…

NEW DELHI: Union finance minister Nirmala Sitharaman presented the Union Budget 2026-27 on Sunday amid rising global uncertainty regarding tariffs from the United States.The Budget proposals draw a clear line between items that may turn cheaper for consumers and sectors that could feel the pinch. On the relief side, the government has moved to lower…

. Finance minister Nirmala Sitharaman, while presenting the Union Budget 2026–27 on Sunday, unveiled a Rs 10,000 crore biopharma initiative and announced the expansion of Ayurveda institutions to meet growing global demand for traditional medicine. To bolster India’s position as a global biopharma hub, the Budget proposed Biopharma Shakti, a new initiative with an outlay…