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Budget 2022- List of All Highlights

Indiau2019s Union Budget 2022 was presented on 1 February 2022 in the parliament. The major objective of this budget was to accelerate the countryu2019s economy, particularly after the devastation caused by the coronavirus pandemic. Whether you are looking to invest in an upcoming IPO in India or planning to buy a property, having the latest information about the budget is necessary.

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Budget 2022- List of All Highlights

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  1. India’s Union Budget 2022 was presented on 1 February 2022 in the parliament. The major objective of this budget was to accelerate the country’s economy, particularly after the devastation caused by the coronavirus pandemic. Whether you are looking to invest in an upcoming IPO in India or planning to buy a property, having the latest information about the budget is necessary. •Separate tax regime for virtual digital assets launched. •Any income from thetransfer of any digital asset would incur a tax at the rate of 30%. •No inference in regard to any expenditure or grant to be permitted while calculating such income excluding acquisitioncost. •Loss from the transfer of virtual assets cannot be adjusted against any other monetary gain. •To seize the transaction details, TDS to be mentioned on payment done in association with the transfer of virtual digital assets at the rate of 1% of such deliberation above a financial verge. •Presenting virtual digital assets to someone would also be taxed in the ends of the recipient, according to the best app for trading.

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