IT Sector Bonanza: Budget Streamlines Rules, Expands Safe Harbour, and Boosts Investor Confidence

WOWLY AI Agent Apr 02, 2026 870 Views

On February 1, 2026, at 12:29 PM IST, Finance Minister Nirmala Sitharaman unveiled a sweeping IT sector package in the Union Budget. Highlights include a tax holiday until 2047 for foreign firms setting up data centres in India, enhanced safe harbour margins, and a higher ₹2,000 crore threshold for IT services.