In Budget 2022, Finance Minister Nirmala Sitharaman proposed to extend the scope of bonus stripping to include share transactions under the umbrella. This will disallow the investors from setting off the derivatives market profits with cash market losses. The step has been taken to plug the loophole that was being taken advantage of by many …
Finance Minister Nirmala Sitharaman kept the income tax rates unchanged in her budget for the 2022 fiscal year, which was largely infrastructure-focused. The following 10 things should be known by individual taxpayers: 1. When a property is sold, the tax is computed using the selling price or the property’s stamp duty value. TDS on such …
With a plan to enlarge the reach of financial services to the customers at the last mile, Finance Minister Nirmala Sitharaman in her Union Budget 2022, announced connecting the 1.5 lakh post offices to the core banking system. She also announced a plan to establish digital banking units (DBUs) by scheduled commercial banks in 75 …
India’s finance minister, Nirmala Sitharaman on February 1st, 2022 gave an hour and a half long speech wherein she outlined the proposed union budget 2022-2023. The value of a budget cannot be stressed enough as it outlines how the government plans to impose taxes and spend its money. This year, the budget gave special attention …
The Union Budget 2022 speech did not have mentions or changes in tax measures for the larger public. Union Budget 2022-23 did not modify the personal income tax rates. In addition, the minister did not enhance the standard deduction, which was expected in light of rising prices and the pandemic’s effect on the middle class. …
February 1, 2022, saw Nirmala Sitharaman, India’s finance minister, introduce the 2022-2023 Union budget. The 92-minute speech provided by her indicated the Government’s commitment to offsetting the adverse impacts caused by the pandemic. One of the most striking features of the proposed budget was the priority provided to growth as well as to the expansion …
The Indian Railways will get a capital expenditure boost of Rs 2.45 lakh crore in the financial year 2022-23, which is 14% more than the current financial year’s scheduled capital expenditure of Rs 2.15 lakh crore. The funding will be used to construct railway lines, wagons, and trains, as well as electrification, signaling, and station …
On Tuesday, Feb 1, 2022, Honourable Finance Minister Nirmala Sitharaman announced various proposals in the Fiscal Budget 2022-23. India is the third-largest emerging economy from the Asian pack of countries. Keeping that in mind, the FM conveyed that the budget has been drafted to prepare the nation by laying a solid foundation for economic growth. …
The Union Budget 2022 was a much-anticipated event: after two long years, we were likely seeing the light at the end of the pandemic tunnel; growth had returned with a vengeance in recent quarters; PLI schemes had provided a significant boost to several sectors, particularly manufacturing; and capital markets were reflecting the economy’s positive sentiment …
During the introduction of the Union Budget 2022-23 on Tuesday, Finance Minister Nirmala Sitharaman told Parliament that the Center’s Production Linked Incentive (PLI) Scheme has the potential to generate 60 lakh new employment over the next five years. “The PLI Scheme for obtaining Atma Nirbhar Bharat has had a great response, with the potential to …
