Budget 2026: Full income tax announcement by FM Nirmala| indirect tax, customs duty changes revealed

Union Budget 2026 eases and extends income‑tax compliance: the government has lengthened the time window to revise income‑tax returns on payment of a nominal fee, while keeping the ITR‑1 and ITR‑2 filing deadline unchanged at 31 July for individuals. TDS on sale of immovable property by NRIs will now be deducted directly by the resident buyer without needing a TAN, and taxpayers will be allowed to update their returns even after reassessment, subject to paying an additional 10% tax on the updated income. Watch full income tax announcement here.