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Union Budget News


Tax Revenues in 2021-22 exceed the Union Budget estimates by Rs. 5 lakh crore

 08 April 2022 at 16:47

The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%

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Posted in Union Budget |   450 Views


FM says Union Budget aptly supports next phase of growth and aspirational economy

 09 March 2022 at 08:40

The Ministry of Finance organised a Post-Budget Webinar on theme of 'Financing for growth and aspirational economy' here today.

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Posted in Union Budget |   201 Views


Union Budget 2022-23 encourages power of youth: FM Nirmala Sitharaman

 09 March 2022 at 08:40

Union Finance Minister Nirmala Sitharaman said that Union Budget 2022-23 recognises and encourages  the potential of youth, their technological skills and entrepreneurial spirit.

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Posted in Union Budget |   216 Views


Union Budget 2022-23 aimed at making India future-ready: Shri Piyush Goyal

 07 February 2022 at 08:57

Union Budget 2022-23 is a direction setting budget aimed at making India future ready - Shri Piyush GoyalUnion Minister for Commerce and Industry, Textiles and Consumer Affairs, Food and Public Distribution, Shri Piyush Goyal today termed the Union

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Posted in Union Budget |   573 Views


Significant Direct Tax Proposals in the Finance Bill 2022

 04 February 2022 at 16:46

Direct Tax Proposals in the Finance Bill 2022 under Union Budget 2022!!

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Posted in Union Budget |   2304 Views


Budget 2022 bans bonus stripping of shares, units of RETIs, InvITs

 03 February 2022 at 17:24

Provisions pertaining to bonus stripping and dividend stripping to be made applicable to securities and units1. Section 94 of the Act contains anti-avoidance provisions to deal with transactions in securities and units of mutual fund which, inter-ali

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Posted in Union Budget |   396 Views


Budget 2022: Provisions of Sec 68 proposed to be amended

 03 February 2022 at 17:24

Cash credits under section 68 of the Act1. Section 68 of the Act provides that where any sum is found to be credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source ther

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Posted in Union Budget |   591 Views


Scope of Sec 285B widened to expand the reporting requirements in Form 52A

 03 February 2022 at 17:24

Widening the scope of reporting by producers of cinematograph films or persons engaged in specified activities

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Posted in Union Budget |   354 Views


Sec 276BB to be included for prosecution against persons failing to pay TCS

 03 February 2022 at 17:24

Alignment of the provisions relating to Offences and Prosecutions under Chapter XXII of the ActSections 269UC/UE/UL along with other provisions of Chapter XX-C have been made inapplicable with effect from 01.07.2002. Vide Finance Act, 2002, section 2

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Posted in Union Budget |   318 Views


IT exemption under certain clauses of Sec 10 withdrawn

 03 February 2022 at 17:24

Withdrawal of exemption under clauses (8), (8A), (8B) and (9) of section 10 of the Income-tax Act, 1961- reg1. Clause (8) of the section 10 of the Act provides for exemption to the income of an individual who is assigned duties in India in connection

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Posted in Union Budget |   1335 Views



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