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Budget 2026: India Inc Seeks Manufacturing Tax Relief, Sector-Specific Incentives And Simpler Tax Regime

Indian business leaders have urged the government to restore the manufacturing-linked lower tax rate regime and introduce targeted incentives ahead of Budget 2026, a KPMG report said. About 50 per cent sought sector-specific benefits, while 73 per cent demanded a higher standard deduction. Many also called for reforms in TDS compliance and dispute resolution mechanisms.
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SME Venture broke the news in on Tuesday, January 27, 2026.
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