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Economy News

The Economic Times

Economy / The Economic Times

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Come clean or face the heat: 5 Budget 2026 signals

Budget 2026 signals stricter tax enforcement, urging taxpayers to disclose foreign earnings and assets now or face increased scrutiny. New schemes offer amnesty windows for past non-disclosures, while updated provisions allow for late corrections with penalties, encouraging voluntary compliance. Budget 2026 offers relief routes for honest errors, but the onus is now on taxpayers to be transparentmake accurate disclosures, claim genuine deductions.

9 Feb 2026 6:30 am