Clipped from: https://economictimes.indiatimes.com/news/economy/finance/budget-2022-for-every-rupee-in-govt-coffer-58-paise-to-come-from-taxes/articleshow/89271476.cmsSynopsis For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 35 paise from borrowings and other liabilities,
Day: February 1, 2022
Govt to set up expert panel for venture capital/private equity investment: FM Nirmala Sitharaman – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/finance/govt-to-set-up-expert-panel-for-venture-capital/private-equity-investment-fm-nirmala-sitharaman/articleshow/89273794.cmsSynopsis Ashley Menezes, Partner and COO, ChrysCapital and Head – Regulatory Affairs, IVCA, told PTI that the setting up of an expert committee to
Govt to renovate National Skill Qualification Framework, launch digital ecosystem for skilling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2022-23-govt-to-renovate-national-skill-qualification-framework-launch-digital-ecosystem-for-skilling/articleshow/89267308.cmsSynopsis At the same time, she announced that a new portal encouraging a digital ecosystem for skilling and livelihood- DESH-Stack e-portal will be launched.
budget 2022 for taxpayers: These tax payers can’t use new rule to update income tax returns, says Budget 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/these-tax-payers-cant-use-new-rule-to-update-income-tax-returns-says-budget-2022/articleshow/89271063.cmsSynopsis As per the budget memorandum, individual taxpayers will not be able to use this facility if the updated return leads to lesser total
Section 80dd Tax Relief: Budget 2022 introduces new tax relief for parents of disabled under Sec 80DD – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/tax/budget-2022-introduces-new-tax-relief-for-parents-of-disabled-under-sec-80dd/articleshow/89272780.cmsSynopsis Earlier the Section 80DD allowed deduction on the premium amount to the proposer of the policy if it was a term plan where
Long term capital gain surcharge capped at 15% for all assets, how will it impact you – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/long-term-capital-gain-surcharge-capped-at-15-for-all-assets-how-will-it-impact-you/articleshow/89273498.cmsSynopsis “The long-term capital gains on listed equity shares, units etc. are liable to maximum surcharge of 15 per cent, while the other long
Budget 2022 proposes to notify income tax reliefs for Covid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/budget-2022-proposes-to-notify-income-tax-reliefs-for-covid/articleshow/89273254.cmsSynopsis Budget 2022 has clarified that money received by individuals either as one-time ex-gratia from an employer or for treatment of covid-19 will not
TDS on property sale to be levied on higher of stamp duty value or sale amount: Budget 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tds-on-property-sale-to-be-levied-on-higher-of-stamp-duty-value-or-sale-amount-budget-2022/articleshow/89271898.cmsSynopsis As per income tax laws, an individual is required to deduct tax if the sale value of an immovable property exceeds Rs 50
Budget 2022 Income Tax Highlights | Key income tax, personal finance highlights from Budget 2022
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/key-income-tax-personal-finance-highlights-from-budget-2022/articleshow/89272198.cmsSynopsis Here is a look at key tax related and personal finance highlights from Budget 2022, according to a PIB press release. Even though
standard deduction budget 2022: Budget 2022: Any change in standard deduction for salaried, pensioners in FY2022-23? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/budget-2022-any-change-in-standard-deduction-for-salaried-pensioners-in-fy2022-23/articleshow/89269237.cmsSynopsis There was an expectation of hike in the amount available to claim as standard deduction due to the higher cost borne by employees
budget 2022 section 80c changes: Was section 80C limit increased in Union Budget 2022? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/was-section-80c-limit-increased-in-union-budget-2022/articleshow/89268899.cmsSynopsis There has been long-standing demand to hike the deduction limit under section 80C as the limit was last hiked in financial year 2014-15,
Budget 2022 bars set off of losses against undisclosed income found in tax raids – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/budget-2022-bars-set-off-of-losses-against-undisclosed-income-found-in-tax-raids/articleshow/89270396.cmsSynopsis It has been observed that in many cases where undisclosed income or suppression of sales etc. is detected, payment of tax is avoided
Divestment and its importance in a Union Budget – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-divestment-and-its-importance-in-a-union-budget/article64951591.ece There are three main appraoches to disinvestment What is disinvestment? Disinvestment is the action of a government or an organisation selling or liquidating
Budget alone can’t push recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-alone-cant-push-recovery/2417696/ The business environment needs to be helpful so that the informal sector can recover and create jobs One must acknowledge that finance minister,
Income Question: India’s budget choices have become harder – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-budget-choices-have-become-harder/2417688/ Income-loss is a big headwind to growth in the medium term; Budget must cut fiscal deficit sharply, while increasing income support even if
US Fed is far behind the curve on controlling inflation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-federal-reserves-mad-scramble/2416607/ The current upsurge in inflation is not transitory or to be dismissed as an outgrowth of idiosyncratic Covid-19-related developments. It is widespread, persistent,
Fiscal headroom for Covid to play out – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fiscal-headroom-for-covid-to-play-out/articleshow/89256195.cmsSynopsis A V-shaped recovery pushing up tax receipts handsomely, and stepped-up capital expenditure in the second half of 2021-22, have created fiscal headroom for
Ramp up support | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/economic-survey-nirmala-sitharaman-ramp-up-support-7750374/ Economic Survey points to scope for greater government aid to economy. Credible path for fiscal consolidation is also needed As the annual flagship
Why growth in FY23 is pegged at just 8-8.5% | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/union-budget-why-growth-in-fy23-is-pegged-at-just-8-per-cent-8-5-per-cent-7750406/ Behind the conservative estimate for the next year are not just the many risks — global inflation to shortage of inputs — posed
Selling stock investments is where you actually make money but it’s more difficult to do right than buying – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/selling-stock-investments-is-where-you-actually-make-money-but-its-more-difficult-to-do-right-than-buying/articleshow/89196804.cms SynopsisThe point is that most people sell when feel they have made enough money. You buy a stock, and when you feel it