“As we get closer to the 2026 Union Budget, the focus of both taxpayers and businesses is on developing a fairer, more simplified, and predictable direct tax regime, many believe will improve household consumption and savings. The indirect tax approach is one where GST continues to be simplified further and the use of inputs for business can be performed with minimal friction. So, along with a long-term commitment to developing the economy through infrastructure, there will need to be a stable and accountable fiscal structure in place that continues the work done toward a fiscally balanced organization and keeping prices low will restore investor confidence.
Furthermore, the importance of supporting economic development and productivity with investments in infrastructure, especially in Roads, Transport, and Public Digital Infrastructure, as well as Manufacturing, through these long-term investments, provide job creation and ultimately economic growth. Lastly, for investors, there needs to be a sustainable capital gains tax structure. Furthermore, there should be no additional increase in capital gains tax rates and a review of the STT (Securities Transaction Tax) since it may no longer be serving its intended purpose.”
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