Tag: budget 2022

The Union Budget 2022 is a mixed bag for India's investors, companies, and the common man. Some measures introduced in the Budget would make for good news to them, while some of them can be seen as coming pain points for these sections. Budget 2022 made no change to the existing income tax structure, leaving the common man and some other sections disappointed. There, however, were steps that could turn out to be a major boost for the economy as a whole, going forward. In a budget without any remarkable good news for the individual, the announcement of the upcoming central bank digital currency (CBDC) garnered some attention from Investors. Also, this financial year, a surcharge on long-term capital gains (LTCG) will be capped at 15 percent, a rule that will be applicable to all assets. Until now, it applied only to listed equity shares and units of the equity-oriented fund. Read more

The government has done a fantastic job of managing growth and providing the money for Capex in the Budget 2022 proposals according to analysts. They have raised more resources than was expected. The government’s fiscal management in these two years of the Covid pandemic has been phenomenal. The thrust of the Budget has been in infrastructure modernisation. All this will have a multiplier effect on job creation and economic growth. That said, another good thing is that the tweak(s) in the tax rates have been minimal. Even the long-term capital gains tax across asset classes has been capped at 15 percent. The message that the government wants to convey through this is that the tax regime is stable and does not warrant much change. This is one thing that the markets and all investors will like. All this will help investors commit big money. Read more

Finance Minister Nirmala Sitharaman will present her fourth Union Budget in Parliament at 11 am today(1st February 2022) in a paperless format. The Budget speech will be keenly watched by both domestic and foreign investors, various interest groups like farmers, crypto Investors, anxious middle class, and corporate entities, besides parliamentarians. Ahead of the Budget presentation, Sensex jumped over 700 points. led by gains in IT and banking counters. Clarity on cryptocurrency sops to real estate, and the abolition of STT would be on top of investor radar. Read more

The Union Budget 2022 is being presented at a very crucial juncture for the Indian economy and taxpayers. Covid 19 has resulted in the loss of employment or erosion of income for several personal taxpayers, increased medical expenses, and financial insecurity. Further, the fiscal stimulation measures and higher fiscal deficit have resulted in higher inflation. A major opportunity in investment for the modern generation is cryptocurrency. It is the need of the hour to Introduce clarity on the taxation of cryptocurrency transactions. Read more