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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%

Posted in Union Budget |   2469 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.

Posted in Union Budget |   2199 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.

Posted in Union Budget |   2175 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

Posted in Union Budget |   2151 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!!

Posted in Union Budget |   4032 Views


Sec 115BBD: Withdrawal of concessional taxation rate on dividend income

   03 February 2022 at 17:25

Withdrawal of concessional rate of taxation on dividend income under section 115BBD1. Section 115BBD of the Act provides for a concessional rate of tax of 15 % on the dividend income received by an Indian company from a foreign company in which the s

Posted in Union Budget |   5139 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IT exemption under certain clauses of Sec 10 withdrawn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

Posted in Union Budget  1 comments |   2664 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

Posted in Union Budget |   2100 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

Posted in Union Budget |   1677 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

Posted in Union Budget |   2103 Views