Union Budget 2026 News: The central government has completed all preparations for presenting the budget. Union Finance Minister Nirmala Sitharaman is set to present the budget for the ninth time on February 1st. The budget is scheduled to be presented at 11 AM. This budget could prove to be a boon for the salaried class. The industry is also expecting some relief in GST.
The budget will be available to the common man in Hindi and English through the Union Budget mobile app. This year’s budget is likely to make buying a home cheaper. The government may also make some major announcements in the real estate sector. You can understand the important points related to the budget in detail below. All your confusion will be cleared in the article below.
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Tax Relief Expected Here
Before the budget, many industries were expecting significant benefits. The travel industry is demanding that the government simplify tax rules for foreign travel in Budget 2026, especially regarding Tax Collected at Source (TCS). This would make foreign travel, especially cruise holidays, more affordable for people and could increase their confidence in making bookings.
Consideration of bringing ATF under GST
According to some reports, the aviation industry has long been hoping that Aviation Turbine Fuel (ATF) will be brought under the ambit of GST. Will Aviation Turbine Fuel be brought under GST in this budget? Currently, ATF is subject to excise duty and state-level VAT.
Because of this, airlines are unable to avail of input tax credit, and tax is levied on tax. If ATF is brought under GST at an appropriate rate, the operating costs of airlines could decrease.
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Expectations from Cryptocurrency Tax
The use of cryptocurrency is also increasing in India. Every Indian is showing considerable interest in it. There are high expectationforom this budget in the world of crypto. Currently, under Section 115BBH of the Income Tax Act, 1961, a flat tax of 30% is levied on any transfer of virtual digital assets (VDAs), including cryptocurrencies. Surcharge and cess are also applicable.