New Delhi, Feb. 2 -- The fiscal year 2027 (FY27) Union budget signals a broader reset in India's tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with targeted measures to offer greater certainty to global investors in strategic sectors.

Through changes to assessment and penalty procedures, alongside selective exemptions and relaxed safe harbour norms, the government is seeking to make the tax system less adversarial and more predictable-both for individuals and for multinational companies operating in India, a senior government official said on Monday.

The official, who spoke on condition of anonymity, said the budget has proposed several steps to ease compliance for taxpayers. These include g...