← Latest news 
Budget 2026 Sitharaman offers big MAT relief to non residents on presumptive taxes
Economy
Published on 24 April 2026
Non residents on presumptive taxation get a surprise MAT exemption
Union Budget 2026 proposals by Finance Minister Nirmala Sitharaman include exempting non residents paying tax under presumptive schemes from Minimum Alternate Tax. The safe harbour threshold for IT services will rise to Rs 2,000 crore, while TCS on liquor, scrap and minerals is cut to 2 percent. Safe harbour rules will also streamline accountant definitions.
- Non residents on presumptive taxation face MAT exemption under Budget 2026
- Safe harbour threshold for IT services increases to Rs 2,000 crore
- TCS on liquor, scrap and minerals reduced to 2 percent
- Safe harbour rules redefine and streamline accountant eligibility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times