On 1 February 2026, India's Minister of Finance Nirmala Sitharaman delivered the Union Budget for 2026-2027. Some of the main proposed tax measures are summarized as follows:

• A reduction in the Minimum Alternate Tax (MAT) rate from 15% to 14% and the designation of MAT as a final tax, meaning no new credit accumulation from 1 April 2026, along with transitional rules for the offset of existing…