EASE OF LIVING BY DIRECT TAX REFORMS : UNION BUDGET 2026-2027

• Package of four taxpayer-friendly direct tax proposals announced by Union Finance Minister Nirmala Sitharaman in the Union Budget 2026-27 speech on 1 February 2026.
• Focus is procedural simplification (not rate cuts): MACT interest exemption, automated lower/nil TDS certificate, extended revision window, and a one-time foreign asset disclosure window.
• Lands alongside the Income Tax Act, 2025, which is to take effect from 1 April 2026 — both signal a compliance-friendly shift.