Union Budget News


Rationalization of provisions relating to assessment and reassessment under Finance Act 2021

   01 February 2022 at 21:02

The Finance Act, 2021 amended the procedure for assessment or reassessment of income in the Act with effect from the 1st April, 2021.

Posted in Union Budget |   1539 Views


Budget 2022: IT Slabs and Rates for AY 2022-23

   01 February 2022 at 20:41

Rates of income-tax in respect of income liable to tax for the assessment year 2022-23.

Posted in Union Budget  1 comments |   13755 Views


Budget 2022: Scheme for taxation of virtual digital assets

   01 February 2022 at 19:50

Virtual digital assets have gained tremendous popularity in recent times and the volumes of trading in such digital assets has increased substantially.

Posted in Union Budget  2 comments |   3963 Views


Budget 2022: Tax Incentives to International Financial Services Centre (IFSC)

   01 February 2022 at 19:46

Over the past few years several tax concessions have been provided to units located in International Financial Services Centre (IFSC) under the Act to make it a global hub of financial services sector.

Posted in Union Budget |   1467 Views


Budget 2022: Exemption of amount received for medical treatment and on account of death due to COVID-19

   01 February 2022 at 19:46

Clause (2) of section 17 of the Act, inter alia, provides the definition of “perquisite”. However, certain exceptions have been provided which shall not include as perquisites.

Posted in Union Budget |   1290 Views


Budget 2022: Facilitating strategic disinvestment of public sector companies

   01 February 2022 at 19:46

1. Section 79 of the Act provides for carry forward and set-off of losses in case of certain companies. Sub-section (1) of the said section, inter-alia, provides that where a change in shareholding has taken place during the previous year in the case

Posted in Union Budget |   1479 Views


The Finance Bill, 2022

   01 February 2022 at 17:52

The Finance Bill, 2022 as introduced in Lok Sabha

Posted in Union Budget |   2826 Views


Union Budget 2022: Memorandum Explaining the Provisions in the Financial Bill 2022

   01 February 2022 at 17:42

he provisions of Finance Bill, 2022 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act'),

Posted in Union Budget |   2022 Views


ICAI invites suggestions on tax proposals of Union Budget 2022-23

   01 February 2022 at 16:11

ICAI invites suggestions on tax proposals of Union Budget 2022-23 latest by 11th February, 2022.

Posted in Union Budget |   1494 Views


Indirect Tax Proposals of Union Budget 2022

   01 February 2022 at 15:19

Union Budget 2022 | Indirect Direct Tax Proposals

Posted in Union Budget  1 comments |   9957 Views



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