Union Budget: Govt brings IT services under single category, boosts tax certainty
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Sunday highlighted India’s position as a global leader in software development services, IT-enabled services, knowledge process outsourcing and contract research and development.
Presenting the Union Budget 2026-27 in Parliament today, Sitharaman announced that these segments will be brought under a single category named “Information Technology Services”.
