Gopocket

Gopocket Live Updation (Budget 2026): Budget Finished

Sitharaman hits back at Trump's tariffs Finance Minister Nirmala Sitharaman has proposed cutting the tariff on all dutiable goods imported for personal use from 20% to 10%, making imported items more affordable for individuals. – Customs Duty exemption on raw materials imported for MRO – Customs Duty exemption on 17 drugs related to cancer – Basic Customs Duty exemption for specified parts used in manufacturing of microwave ovens – To tax buybacks as capital gains for all category of shareholders

Gopocket Live Updation (Budget 2026): Government to set up 1,000 clinical trial sites, launches Bharat Vistar and She Marts

Gopocket Live Updation (Budget 2026): Rs 20,000 crore push for carbon capture technologies

Gopocket Live Updation (Budget 2026): Big push for future-ready Infrastructure across India Sitharaman outlined a series of major infrastructure initiatives aimed at building a future-ready Bharat and strengthening growth centres, especially in Tier II and Tier III cities with populations above 5 lakh.

Gopocket Live Updation (Budget 2026): Budget 2026 announcements for IT sector India is a global leader in software development, IT-enabled services, knowledge process outsourcing, and contract R&D. The government has decided to group all these under a single category called Information Technology Services. A uniform safe harbour margin of 15.5% will now apply to all IT services. The threshold for using safe harbour has been raised from ₹300 crore to ₹2,000 crore. Approvals for IT services under the safe harbour system will be handled through an automated, rule-based process, removing the need for manual review by tax officers.

Gopocket Live Updation (Budget 2026): No interest for taxpayer on penalty during appeal FM Sitharaman during her Budget 2026 speech announced that taxpayers will not have to pay any interest on penalty amounts while their case is under appeal before the first appellate authority, regardless of the outcome.

Gopocket Live Updation (Budget 2026): STT on OPTIONS hiked to 0.15% from 0.10%

Gopocket Live Updation (Budget 2026): STT on Futures hiked to 0.05% from 0.02%

Gopocket Live Updation (Budget 2026): Budget relief for foreign travel, students and businesses The government has reduced the tax collected on overseas tour packages, making foreign travel more affordable. The TCS rate has been cut to 2% from the earlier 5% and 20%, and the minimum amount limit has been removed. This will reduce the tax paid upfront while booking international trips.

Gopocket Live Updation (Budget 2026): Union Budget 2026: 'Empowering divyangjan' • Divyangjan Skill Scheme: Ensuring opportunities for a dignified life for every group of persons with disabilities through industry-relevant and specialized training. • Divyang Sahara Scheme: Supporting the Artificial Limbs Manufacturing Corporation of India (ALIMCO) to enhance production of assistive devices, invest in research and development, and integrate AI technologies

Gopocket Live Updation (Budget 2026): 'I have allocated Rs 1.4 lakh crores for states for FY2026-27,' says FM Union Budget 2026-27 | Union finance minister Nirmala Sitharaman said, "The Government has accepted 16th Finance Commission recommendations to retain the vertical share of devolution at 41%. I have allocated Rs 1.4 lakh crores for states for FY2026-27."