India Union Budget 2026-27: A Full Breakdown of the New Tech Safe Harbour and Cloud Tax Laws
Today, Finance Minister Nirmala Sitharaman presented the Union Budget for 2026-27 . In a historic move, the budget was presented on a Sunday, signaling the government's urgency to push forward the "Viksit Bharat" (Developed India) vision. For the tech-savvy audience of TMLabs India , this budget isn't just about numbers; it’s about a massive structural shift in how we build software, play games, and travel between our tech hubs. 1. A New Era for Indian Software & IT The IT sector has received a significant boost through "tax certainty" and simplified compliance. The government has introduced a unified category for Information Technology Services , which now includes IT, ITeS, and Knowledge Process Outsourcing (KPO). Safe Harbour Rules: The threshold for safe harbour has been raised from ₹300 crore to ₹2,000 crore . This provides immense relief to mid-sized software firms, allowing them to focus on innovation rather than complex tax litigation....