Budget 2026: New Rules Not Implemented Immediately on Feb 1
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Moneycontrol•26-01-2026, 16:51
Budget 2026: New Rules Not Implemented Immediately on Feb 1
- •Union Budget 2026 will be presented on February 1 by Finance Minister Nirmala Sitharaman, outlining income-expenditure, tax changes, and government priorities.
- •Most budget announcements, including income tax changes, typically come into effect from April 1, marking the start of the new financial year.
- •Some specific changes, like excise or customs duties, may be implemented immediately on Budget Day or the following day if explicitly stated by the government.
- •After presentation, the budget is discussed in Parliament, and the Finance Bill, containing tax proposals, must be passed and receive presidential assent to become law.
- •Expenditure and scheme implementations vary; many begin April 1, while others may have staggered notification dates.
Why It Matters: Budget rules are generally not implemented immediately on presentation; most take effect from April 1.
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