Budget 2026 brings focused changes for corporate taxpayers, combining rate rationalisation, long-term incentives, and clarity on key transactions. The key takeaways include:
▸ MAT rate cut to 14% with limited credit set-off
▸ Tax exemptions for foreign companies in electronics manufacturing and data centre services
▸ Extended tax holidays for IFSC units and Offshore Banking Units with 15% post-deduction tax
▸ Uniform TCS rates introduced across sectors
▸ Share buy-back taxation shifted to capital gains
▸ Tonnage tax scheme aligned with inland vessels
