India enacts sweeping tax reforms ahead of 2026-27 budget, expanding incentives, simplifying rules, and updating compliance.

Prior to the 2026–2027 budget, India enacted significant tax reforms, such as reclassifying gains from AIF securities as capital gains, extending startup tax incentives until 2030, imposing a 25% presumptive tax on non-resident electronics providers, extending the Tonnage Tax to inland vessels, and providing tax exemptions on NSS withdrawals and NPS Vatsalya contributions. Transfer pricing assessments are restricted to a three-year block, but property owners can now claim nil annual value for two properties without providing evidence of non-occupancy. Safe Harbour regulations were increased to ₹300 crore turnover and extended to electric vehicle components. The registration period for small trusts is now ten years.