The IT Act 2025 marks a historic reform in India’s taxation framework, replacing the six-decade year old Income Tax Act 1961.

Five years after it erected a deliberate regulatory wall around FDIs from LBCs, the Indian government has opened a narrow, well-lit passage through that wall.

Here’s a concise roundup of the key announcements from Budget 2026.

The Health Security se National Security Cess Act, 2025 imposes a new cess on the manufacture of certain “sin goods” like Pan Masala to fund