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Budget 2022: New Tax Regime Should Be Made More Attractive

Budget 2022: New Tax Regime Should Be Made More Attractive

28 January 2022

Finance Minister Nirmala Sitharaman, during her Budget speech of 2020, introduced a new income tax regime to make the assessment process easy for the taxpayers and the administrators. The FM highlighted various exemptions and deductions in the Income Tax Act, which make it difficult for the taxpayers to comply with. It was also pointed out …

Union Budget 2022: Everything You Need to Know!

Union Budget 2022: Everything You Need to Know!

21 January 2022

According to sources, the budget session 2022 of Parliament will begin on Monday, January 31, 2022, with President Ram Nath Kovind addressing both chambers. The session will be split into two halves, with the first ending on February 11 and the second on February 18. Part two of the session, which will begin on March …

Union Budget 2022: What market expects from FM  Sitharaman

Union Budget 2022: What market expects from FM Sitharaman

21 January 2022

Nirmala Sitharaman, the Finance Minister, will submit her fourth Union Budget on February 1st. The novel coronavirus type that has entered India is expected to have a negative impact on the economy this year. This will be reflected in the financial markets, which have become more volatile in the run-up to the annual event. Any …

Budget 2022: Changes Needed for India’s Education Sector

Budget 2022: Changes Needed for India’s Education Sector

28 January 2022

The COVID-19 pandemic led to many issues plaguing India’s education sector that need to be redressed in the Union Budget 2022. Industry experts expect the government to allocate funds for this sector and reduce its tax burden. The announcement of New Education Policy (NEP) 2020 was a significant development in the education sector in the …

Union Budget 2022-2023: Sectors to Look Out For

Union Budget 2022-2023: Sectors to Look Out For

2 February 2022

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 …

Budget 2022: Fight Covid stress and mental health

Budget 2022: Fight Covid stress and mental health

2 February 2022

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. …

Budget 2022: Delving into National Highway Expansion

Budget 2022: Delving into National Highway Expansion

2 February 2022

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 …

Budget 2022: Post Offices in India to Be Link to Bank Network

Budget 2022: Post Offices in India to Be Link to Bank Network

2 February 2022

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 …

10 Things Every Taxpayer Should Know About the Union Budget in 2022

10 Things Every Taxpayer Should Know About the Union Budget in 2022

3 February 2022

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 …

Budget 2022: Realistic divestiture goal for FY23 raises issues about LIC IPO profits

Budget 2022: Realistic divestiture goal for FY23 raises issues about LIC IPO profits

3 February 2022

When it came to the administration’s disinvestment objective for the following fiscal year, the catch was in the details, as it is with most budgets. The government plans to raise Rs 65,000 crore via disinvestment in state-owned firms in 2022-23, compared to Rs 1.75 lakh crore in 2021-22, according to the budget paper. Economists had …

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