[
Budget 2022
]‘Crypto tax’ is here. India imposes 30% tax on proceeds of digital assets
Updated on Feb 01, 2022 01:01 PM IST
Union Budget 2022-23: Finance minister Nirmala Sitharaman on Tuesday announced a 30 per cent tax on the proceeds made on the transfer of virtual digital assets.
Written by Joydeep Bose, Hindustan Times, New Delhi
Budget 2022: Taxpayers can file updated return within 2 years from relevant AY
Budget 2022-23: Union finance minister Nirmala Sitharaman said that the time period for filing an updated return has been extended to provide taxpayers with an opportunity to correct the filing.
Published on Feb 01, 2022 12:19 PM IST
Budget 2022: Govt proposals on income tax, corporate tax, NPS, digital assets
Union budget 2022-23: The central government has proposed a new provision for permitting taxpayers to file an updated return on payment of additional tax.
Published on Feb 01, 2022 01:06 PM IST
Budget 2022: In push for Aatmanirbhar defence, procurement budget raised to 68%
The decision aims to reduce the country's dependence on imports of defence equipment and have a more 'self-reliant' defence sector under the Aatmanirbhar Bharat initiative.
Updated on Feb 01, 2022 12:48 PM IST
Written by Shivani Kumar | Edited by Amit Chaturvedi
Budget 2022: E-passports, LIC IPO and other highlights from Sitharaman's speech
Union Budget 2022: Finance minister Nirmala Sitharaman presented her fourth Budget on Tuesday. It focussed on laying the roadmap for the Indian economy for the next 25 years.
Published on Feb 01, 2022 11:49 AM IST
hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
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Budget Impact
]Cheaper
- Clothes
- Mobile phones
- Frozen mussels
- Frozen squids
- Asafoetida
- Cocoa beans
- Methyl alcohol
- Acetic acid
- Steel scrap
- Mobile phone chargers
- Gemstones and diamonds
- Camera lens for cellular mobile phones
- Chemicals needed for petroleum products methanol
Costlier
- Umbrella
- Imitation Jewellery
- Smart meters
- Solar cells
- Solar modules
- X-ray machines
- Unblended petrol and diesel
- Headphones and earphones
- Single or multiple loudspeakers
- Parts of electronic toys
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Response to budget
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Rate the Budget
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Budget Trivia
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Stats
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More from budget
]‘Idea of Budget is to boost consumption’: DEA secretary Ajay Seth
Updated on Feb 03, 2022 01:57 AM IST
The Budget has provided the clarity… All incomes are taxable, except those that are specifically exempted under the I-T Act, says Seth
Raajeev Jayaswal, Hindustan Times, New Delhi
Budget for a modern, self-reliant nation: PM Modi
Union Budget 2022-23 pumped up capital expenditure massively to spur growth, raising its outlay by a record 35.4% to ₹7.5 lakh crore. It has taken a classic economic mantra, according to which investments begets growth.
Updated on Feb 03, 2022 07:41 AM IST
HT Correspondent, New Delhi
Next year's I-T return to have separate column for crypto income: Revenue secy
The 30 per cent plus applicable cesses and surcharge of 15 per cent on income above ₹50 lakh will have to be paid on income from cryptocurrencies, revenue secretary Tarun Bajaj said.
Published on Feb 02, 2022 06:23 PM IST
PTI | , New Delhi
Reaching new heights: Modi hails India's ‘success story’ in post-Budget address
The Union Budget has been appreciated across multiple quarters, said the Prime Minister, adding that the policies are aimed at expanding the central government's vision in the last seven years.
Updated on Feb 02, 2022 12:17 PM IST
Written by Joydeep Bose, Hindustan Times, New Delhi
Digital Banking units to come up in 75 districts by scheduled banks, says FM
To give a boost to the digital economy and as the country marks 75 years of its independence, it is proposed to set up 75 DBUs in 75 districts of the country by scheduled commercial banks, finance minister Nirmala Sitharaman said.
_1641276809614_1643768121611.jpg "Digital Banking units to come up in 75 districts.(Representative image)")
Published on Feb 02, 2022 07:47 AM IST
HT Correspondent, Hindustan Times, New Delhi
CEA: India on track to becoming $5-trillion economy by FY26
Gross domestic product (GDP) in dollar terms has already crossed $3 trillion, he said during the finance minister’s post-Budget interaction with the press.
Published on Feb 02, 2022 07:40 AM IST
Mint Correspondent
RBI to launch a digital currency in FY23: Minister
The government also proposed to amend the RBI Act to include the central bank digital currency (CBDC) alongside traditional banknotes.
Published on Feb 02, 2022 07:38 AM IST
Shayan Ghosh
Telecom sector gets 5G boost; Centre to infuse ₹44k crore into BSNL
Experts said that continued emphasis on the importance of mobile connectivity and broadband for economic development, especially in rural India, will further boost telecom and associated sectors.
Published on Feb 02, 2022 07:32 AM IST
Gulveen Aulakh, Hindustan Times, New Delhi
Chip-based e-passports from 2022-23, says FM Sitharaman
Sanjay Bhattacharya, secretary, Ministry of External Affairs, had earlier said that India will soon introduce e-passports with secure biometric data, adding that it will be in line with the International Civil Aviation Organisation (ICAO) standards.
Published on Feb 02, 2022 07:25 AM IST
HT Correspondent, Hindustan Times, New Delhi
Budget 2022: PM Modi's ‘Atmanirbhar Arthvyawastha’ address to BJP workers today
PM Modi hailed the Budget presented by finance minister Nirmala Sitharaman, calling it progressive and people friendly. He said that it is full of new possibilities of more infrastructure, more investment, more growth, and more jobs.
Published on Feb 02, 2022 06:55 AM IST
hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
‘This is a Budget for continuity’: Finance minister Nirmala Sitharaman
In an interview with Doordarshan, Union finance minister Nirmala Sitharaman talked about how the Budget will spur growth and create jobs.
Published on Feb 02, 2022 06:28 AM IST
A growth-oriented Budget, capex push welcome: India Inc
The government’s focus on green and sustainable development coupled with its efforts on the ease of doing business front, were also welcomed by corporate India.
Updated on Feb 02, 2022 05:55 AM IST
Swaraj Singh Dhanjal
Market analysts back govt focus on growth, rue lack of direct stimulus
Analysts and investors cheered the government’s focus on growth but the lack of a direct stimulus to spur private consumption, low divestment targets (for FY22 and FY23) and higher borrowings left them worried in an environment of steep inflation of commodity and crude prices.
Published on Feb 02, 2022 05:49 AM IST
Nasrin Sultana, Hindustan Times, Mumbai
Union budget: Centre announces record borrowing plan of ₹14.95 lakh crore
On a net basis (less repayments), this borrowing will include ₹11.6 lakh crore from the market to bridge the predicted deficit in its ₹39.45 lakh crore annual budget.
Published on Feb 02, 2022 04:55 AM IST
HT Correspondent, Hindustan Times, New Delhi
Railways gets ₹ 2.38 lakh crore, 400 new high-speed trains
The national transporter will also build upon the concept of “One Station, One Product” that will help develop efficient logistics for farmers, agri-enterprises and local businesses, finance minister Nirmala Sitharaman said.
Published on Feb 02, 2022 01:43 AM IST
Neha Tripathi, Hindustan Times, New Delhi
Govt revises disinvestment estimate by 55.4% to ₹78,000 crore
In the current financial year, major disinvestments planned include IPO of LIC, Bharat Petroleum Corporation Ltd (BPCL), RINL and Pawan Hans. According to experts, a 10% IPO of LIC shares may raise over ₹1 lakh crore
Updated on Feb 02, 2022 04:52 AM IST
Math of the economy: How to understand the Budget
Apart from growth assumption, tax buoyancy,petroleum prices and economic distress, there is another element which is key to understanding the budget’s mathematical basis--bond yield on long-term government securities
Updated on Feb 02, 2022 01:49 AM IST
25,000 km highways to be built under fresh connectivity push
The announcement outlines the scope of a massive connectivity expansion the government has envisioned, announced broadly by Prime Minister Narendra Modi first on October 13.
Published on Feb 02, 2022 12:50 AM IST
Sweta Goswami, Hindustan Times, New Delhi
