Direct Tax Impact of Union Budget 2026

This note by J the App is a first look at the provisions of the Finance Bill, 2026 that have a direct bearing on corporate taxation and transfer pricing. Rather than cataloguing all amendments, it focuses on those measures that materially influence tax outcomes, structuring choices, compliance certainty, and litigation exposure for corporates and multinational groups. The analysis highlights the legislative intent underlying key changes, particularly where the Bill shifts from rate-based interventions to procedural clarity, incentive rationalisation, and dispute containment in cross-border and related-party transaction contexts.