In view of building nation, Considering the contribution of the individuals behind the success of the economy, it is expected that the upcoming Budget 2023 should mainly focus on the growth of individual taxpayers in India. Listing down the key changes suggested on the personal taxation front are briefed as under:
Though, the expectation from the Union Budget is higher in every coming year, all the expected will not realise as eighter no priority, not for this fiscal, not required, to be studied further, revenue loss not accessed, present economic condition, not growth oriented and various reasons best known to them.
Cryptocurrency has not yet been given legal sanction in India though it has been mentioned that RBI would bring in digital currency - Central Bank Digital Currency (CBDC) using blockchain and other technologies from 2022-23.
Finance Minister, SmtNirmala Sitharaman, has announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23 while presenting the Union Budget 2022-23 in the Parliament. T
In the Union Budget 2022-23 through Finance Bill 2022, among other tax measures, the Hon'ble Finance Minister recommended significant changes relating to Income Tax Search and Seizure provisions, as mentioned in this article
Krishna, Honourable Finance Minister Mrs. Nirmala Sitharaman had declared the Finance Budget of 2022-23 on 01st February in the Lok Sabha. And this year the government decided to tax Virtual digital assets (VDA) so what was the reason behind doing this?
Total budgeted receipts are 39,44,909 crore out of which 56% is revenue receipts i.e revenue from tax and balance 46% is majorly from loans and borrowings. The percentage is higher than as compared to the figures related to the actuals of the financial year 2020-2021.
Crypto currencies are something that most of us have heard of from time to time through various venues. Such information has filled our social media feeds. Crypto has made a few people wealthy, and it has inspired others to pursue their dreams of establishing a niche.
Key highlights of Union Budget 2022-23 as announced by Hon'ble Finance Minister Smt. Nirmala Sitharaman during her 4th Budget session on 1st February 2022
Finance Minister has announced the reserve bank of India (RBI) will soon issue a central bank - backed digital currency (CBDC). What is CBDC, and what is need for it? What changes will it bring for country?
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