Indore (Madhya Pradesh): The Tax Practitioner Association largely expressed satisfaction with the Union Budget 2026, giving it an average rating of 7.7/10.
The consensus among the city’s financial experts
is that the budget has simplified compliance and providing relief in penalties. However, the increase in Securities Transaction Tax (STT) remains a common point of contention, cited as a dampener for market sentiment.
CA Vijay Bansal (7.5/10)
This budget introduces numerous reforms aimed at eliminating the procedural hurdles previously faced by taxpayers. Significant relief has been provided through the waiver or reduction of penalties, prosecution, and interest. The updated TDS and TCS provisions are among the most positive aspects of this budget, specifically regarding tax reductions for money sent to Indian students studying abroad and lower rates on foreign remittances. Conversely, a notable drawback is the increase in the Securities Transaction Tax (STT), the impact of which was immediately felt across the stock market." fetchpriority="low" loading="lazy">
CA Santosh Deshmukh (7/10)
