Jairaj Purandare, Founder Chairman, JMP Advisors Pvt. Ltd.

Jairaj Purandare, Founder Chairman, JMP Advisors Pvt. Ltd.

• India’s “Goldilocks moment”: low inflation, high growth, and controlled unemployment
  
• Strong resilience amid global uncertainty and volatile markets 

Podcast: Play in new window | Download

Follow TBCY RSS

In this episode of The Brand Called You, host Ashutosh Garg sits down with Jairaj Purandare, a leading taxation expert and corporate leader from Mumbai, to unpack the key highlights and implications of India’s latest Union Budget. If you missed the episode, here is a structured summary with key timestamps and themes explained.

00:01:14 – What are the key highlights of the Budget 2026–27, and how does it compare with previous years?

• India’s “Goldilocks moment”: low inflation, high growth, and controlled unemployment
• Strong resilience amid global uncertainty and volatile markets
• Major reforms in labour codes and the rollout of GST 2.0
• Increased infrastructure spending, with a projected outlay of ₹12.2 lakh crore
• Selective focus on seven manufacturing sectors, including semiconductors and electronics
• Growing emphasis on Tier 2 and Tier 3 cities as new engines of growth
• Boost for tourism, temple towns, and skilling initiatives
• India’s shift from a “developing economy mindset” to confident global leadership

00:07:28 – Is this truly a long-term ‘resilience’ and ‘stability’ budget?

• Introduction of a new income tax law after 60 years
• Emphasis on simplification and rationalisation rather than frequent policy tweaks
• Tax holidays for investments in data centres and electronics manufacturing
• Forward-looking reforms aimed at attracting global investment, especially in technology and AI

00:10:28 – What simplifications can taxpayers expect in compliance and e-filing?

• Introduction of simpler tax forms (Forms 1 and 2), reducing the need for chartered accountants
• A more stable compliance environment with minimal year-on-year changes
• A single form for dividend income and tax-exemption claims through depositories
• Streamlined safe harbour rules for IT and ITeS sectors

00:12:46 – How does the reduction in income tax prepayment (from 20% to 10%) impact cash flow?

• Prepayment on tax and penalties during assessments reduced to 10%
• Penalties consolidated within the assessment process, reducing separate litigation
• Advance tax provisions remain unchanged

00:14:55 – What changes affect non-residents and MAT exemptions?

• MAT exemption extended to cruise ship operators and electronics manufacturing units
• MAT rate reduced from 15% to 4%, with limits on future credit utilisation
• Restrictions introduced on setting off past MAT credits under the new tax regime

00:18:00 – What’s new regarding standard deductions and ITR filing deadlines?

• No changes to standard deduction limits, which were revised in the previous year
• One-month extension for non-audit cases (from 31 July to 31 August)
• Three-month extended window for filing revised returns

00:20:09 – What does the one-time Foreign Asset Disclosure Scheme mean for small taxpayers?

• Opportunity to declare previously undisclosed foreign income or assets
• Payment of 30% tax plus an additional 60% charge to avoid prosecution under the Black Money Act
• Scheme applies to income/assets up to ₹1 crore and undisclosed assets up to ₹5 crore
• A final opportunity for compliance amid enhanced global information-sharing mechanisms

00:23:38 – What is the impact of the increased Securities Transaction Tax (STT) on derivatives?

• Higher STT rates on futures and options to curb excessive retail speculation
• Impact felt across individual traders as well as large funds and institutions

RESOURCES:

Learn more about Jairaj Purandare: LinkedIn

Enjoyed this podcast?

Infrastructure gets a major boost with a projected ₹12.2 lakh crore outlay next year. From rail corridors and waterways to a strong push in southern India, the focus is expanding beyond metros—positioning Tier 2 and Tier 3 cities as the next engines of growth. Share your thoughts in the comments and spread these insights with friends

Would you love to give us 5 stars? ⭐⭐⭐⭐⭐ If yes, we’d greatly appreciate your review. Help us reach more people to keep them in the know as we talk to leaders, high achievers, and thought leaders from diverse backgrounds and nationalities. Excellence can come from anywhere. Stay in the know, and hear from emergent high achievers and experts.

Stay updated with what’s shaping the world today through the latest The Brand Called You Podcast episode. Follow us on iTunes, Spotify, and Anchor.fm.

You can find us at:

Website: www.tbcy.in

Instagram: http://bit.ly/3HO7N06

Facebook:http://bit.ly/3YzJOaD

Twitter: http://bit.ly/3wMBOXK

LinkedIn: https://www.linkedin.com/company/tbcy/

YouTube: http://bit.ly/3jmBqfq

Chingari: https://chingari.io/tbcypodcast

Moj:http://bit.ly/3wOrmPv

Josh: http://bit.ly/3WWP0nB

Thanks for listening!

• India’s “Goldilocks moment”: low inflation, high growth, and controlled unemployment 
• Strong resilience amid global uncertainty and volatile markets 
• Major reforms in labour codes and the rollout of GST 2.0 
• Increased infrastructure spending, with a projected outlay of ₹12.2 lakh crore 
• Selective focus on seven manufacturing sectors, including semiconductors and electronics 
• Growing emphasis on Tier 2 and Tier 3 cities as new engines of growth 
• Boost for tourism, temple towns, and skilling initiatives 
• India’s shift from a “developing economy mindset” to confident global leadership