-
Budget 2022: 30 Key Takeaways related to Income Tax
1. Belated Return Term Re-introduced As Updated Tax Return: A new sub-section (8A) in section 139 is proposed to be introduced to provide for furnishing of updated return under the new provisions. an...
-
Budget 2022: Changes in GST, excise & custom duty
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS NORTH BLOCK, NEW DELHI – 110001 D.O. F. No. 334/01/2022-TRU New Delhi, the 1st February, 2022...
-
Budget 2022: Expansion of National Highways Network
PM GatiShakti National Master Plan: Finance Minister said the scope of PM GatiShakti National Master Plan will encompass the seven engines for economic transformation, seamless multimodal connectivity...
-
Budget 2022: Formation of a High-Level Committee to Refine Urban Development for a Paradigm Change
While presenting Union Budget 2022-23 in Parliament today, Union Finance Minister Smt. Nirmala Sitharaman proposed to form a high-level committee of reputed urban planners, urban economists and instit...
-
Budget 2022: Updated Income Tax Return Within Two Years
The Government proposes to permit taxpayers to file an updated return on payment of additional tax within two years from the end of the relevant assessment year announced the Union Finance & Corporate...
-
Budget 2022: Estimated growth of 9.2% in the current year
Vision of Amrit Kaal: The Minister said that the all-inclusive Welfare focus wherein complementing Macro Economic level growth focus with the Micro Economic level; promotion of digital economy and Fin...
-
Budget 2022: Emergency Credit Line Guarantee Scheme
The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended up to March 2023 and its guarantee cover will be expanded by Rs. 50,000 crore. The total cover will now be Rs. 5 lakh crore announce...
-
Budget 2022: Issuance of Digital Rupee by RBI
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starti...
-
Budget 2022: Public Issue of LIC
Towards implementation of the new Public Sector Enterprise policy, the strategic transfer of ownership of Air India has been completed, said the Union Minister for Finance and Corporate Affairs, Smt....
-
Budget 2022: Replacement of Special Economic Zones Act by a new legislation
The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Development of Enterprise and Service Hubs, said the Union Minister for Finance...
-
Budget 2022: Fiscal Deficit will be upto 6.4% of GDP In 2022-23
The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of GDP, which is consistent with the broad path of fiscal consolidation announced by me last year to reach a fiscal deficit level below 4.5 p...
-
Budget 2022: Nari Shakti
Nari Shakti has been identified as the harbinger of the country’s bright future and for women-led development during the Amrit Kaal, the 25-year-long leadup to, in the Union Budget presented in the Pa...
-
Budget 2022: AMT and Surcharge payment by Co-operatives
The Government, in order to provide a level playing field between co-operative societies and companies proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from...
-
Budget 2022: Agriculture Sector
Following are the important announcements pertaining to agriculture sector: Digital and hi-tech services for farmers The Finance Minister said that a new scheme will be launched in PPP mode under whic...
-
Budget 2022: Fiscal Deficit
The outlay for the ‘Scheme for Financial Assistance to States for Capital Investment’ is being enhanced from Rs. 10,000 crore in BE 2021-22 to Rs. 15,000 crore in RE 2021-22, stated the Union Finance...
-
Budget 2022: Capital Expenditure
The outlay for capital expenditure in the Union Budget is being stepped up sharply by 35.4% from Rs. 5.54 lakh crore in the current year to Rs. 7.50 lakh crore in 2022-23, said the Union Finance and C...
-
Budget 2022: Government contribution For R&D In Sunrise Opportunities
Acknowledging the immense potential of Sunrise Opportunities, the Union Budget presented in parliament today by Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman, has stated that suppo...
-
Budget 2022: Defence R&D for Industry, Startups And Academia
Reiterating government’s commitment to reduce imports and promote AtmaNirbharta in equipment for the Armed Forces, the Union Budget presented in parliament today by Union Finance & Corporate Affairs M...
-
Budget 2022: Health And Education Cess
‘Health and Education Cess’ is not allowed as business expenditure. This was clarified by Smt Nirmala Sitharaman, Union Minister of Finance while presenting the Union Budget in the Parliament today. T...
-
Budget 2022: Technology under Health Budget
Ayushman Bharat Digital Mission A new open platform for the National Digital Health Ecosystem will be rolled out. It will comprehensively consist of digital registries of health providers and health f...