Budget 2026: Tax Reliefs Expected from Nirmala Sitharaman; Crypto, Home Loan Rules May Change
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Moneycontrol•21-01-2026, 18:34
Budget 2026: Tax Reliefs Expected from Nirmala Sitharaman; Crypto, Home Loan Rules May Change
- •Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, with expectations of taxpayer relief.
- •The focus is likely on simplifying tax administration and increasing compliance, rather than major new announcements.
- •The Income Tax Act, 2025, replacing the 1961 Act, will be implemented from April 1, aiming to simplify tax language.
- •Comprehensive tax rules for cryptocurrency are anticipated, potentially addressing the high 30% tax on crypto gains and 1% TDS.
- •Taxpayers expect increased benefits for home loans and deductions for health and life insurance under the new income tax regime.
Why It Matters: Budget 2026 aims for tax simplification, potential crypto rule changes, and enhanced home loan/insurance benefits.
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