India: 2026-2027 budget includes changes affecting sovereign wealth and pension funds
Includes amendments to buyback taxation and revised securities transaction tax rates
The Finance Minister presented the Union Budget for fiscal year 2026-2027, which includes various tax measures aimed at implementing the Income-tax Act, 2025, effective April 1, 2026.
The budget includes several changes relevant to sovereign wealth funds and pension funds, such as amendments to buyback taxation, revised securities transaction tax rates, and modifications to incentives for International Financial Services Centre (IFSC) units.
Read a KPMG report prepared by the member firm in India, which provides a summary of the key tax proposals and policy announcements impacting sovereign wealth funds and pension funds.