India budget increases TCS on coal and lignite transactions
pre-market1 source ↓written by the desknot a recommendation
- 1%
India's Union Budget 2026–27 introduces a 2% tax collected at source (TCS) on coal and lignite, up from 1%. This policy aims to streamline tax compliance and enhance revenue, impacting energy security and industrial costs. The move is crucial as coal remains a primary energy source for power and manufacturing sectors.
Not investment advice. For informational purposes only.