Union Budget 2026 categorizes IT services for growth
pre-market1 source ↓written by the desknot a recommendation
The Union Budget 2026 has classified all IT services under a single category called Information Technology Services. This move aims to streamline regulations and enhance growth for the sector, which is pivotal for India's economy. Companies in this category will benefit from a common safe harbour margin of 15.5%, potentially boosting profitability and investment in the sector. 📈
Not investment advice. For informational purposes only.