Govt notifies Finance Act 2026 that changes tax provisions from April 1

The Finance Act 2026 has been notified, bringing changes to tax rules for the upcoming fiscal year. Parliament approved the Finance Bill 2026, completing the budgetary process. The Union Budget 2026-27 outlines significant expenditure and revenue targets. A new 12 percent surcharge on capital gains from company share buybacks will apply to individuals and corporations starting April 1.