KPMG India Pushes For Higher Standard Deduction, Extended Tax Filing Timelines & Ease of Doing Business Measures In Union Budget
Published on: Jan. 10, 2026, 2:41 p.m. | Source: Free Press Journal
KPMG India’s pre-Budget report recommends raising the standard deduction for salaried employees to ₹1 lakh, extending deadlines for filing revised or belated returns (especially for cross-border income), and allowing housing loan interest deduction on self-occupied property under the new tax regime. It also seeks MAT exemptions for foreign companies and clarity on redemption premium treatment.
