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If enacted as proposed, the credit would be available in 2026 through 2029, subject to an annual national volume cap of $5 billion. The House-approved budget bill, H.R. For any donating taxpayer, the credit is limited to the greater of 10 percent of the taxpayer’s adjusted gross income or $5,000.
For FY26, the Ministry of Defence (MoD) allocated a total budget of Rs. percent increase compared to the previous year budget. 50,000 crore by 2029. Leading the country’s defence manufacturing efforts are prominent public-sector companies such as Bharat Electronics Ltd. BEL) and Hindustan Aeronautics Limited (HAL). 35,000 crore.
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