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The Economic Times

Business / The Economic Times

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Budget 2026: Tax reforms mark shift to trust-based regime, says CBDT chief

Explaining the hike in securities transaction tax (STT) on derivatives, CBDT chairman Ravi Agrawal said that the reforms regarding the minimum alternative tax (MAT) will push more companies to the new tax regime, adding that the government will honour all accumulated MAT credit up to March 31 for companies shifting to the new 22% tax regime.

3 Feb 2026 1:16 am