Concessional tax regime on foreign sourced dividends to be withdrawn
receiving dividend payments from their foreign-based subsidiaries will be taxed more than the current concessional tax rate of 15 per cent, the Budget......
Tag : Union Budget 2022-23
Budget FY23: Next phase of Ease of Doing Business, Ease of Living to be launched
government plans to launch the next phase of 'Ease of Doing Business' as well as 'Ease of Living', Finance Minister Nirmala Sitharaman said on Tuesday.......
TDS at 1% of stamp duty value of property
Budget has introduced a provision to provide that in case of transfer of an immovable property (other than agricultural land), TDS is to be deducted...
Budgetary Lifeline: ECLGS to be extended till March 2023
financial relief to MSMEs as well as the hospitality sector, the Budget FY23 envisages to extend the Emergency Credit Line Guarantee Scheme (ECLGS) up......
Budget FY23: Ayush Ministry gets Rs 3,050 crore
Ministry got a major boost in this year's budget allocation as an amount of Rs 3,050 crore was earmarked for the ministry. The Budget 2022-23...
Union Home Ministry gets over 1.85 lakh cr in Budget 2022-23
Budget 2022-23 on Tuesday allocated over Rs 1.85 lakh crore to the Ministry of Home Affairs (MHA) with a majority of the allocation for the...
Health sector allocation sees over 16% hike in Budget
sector has been allocated Rs 86,200.65 crore in the Union Budget this year, a hike of 16.59 per cent against Rs 73,931.77 crore (Budget Estimate)...
Rs 460 crore allocated for air pollution, Rs 300 crore for tigers
pollution, wildlife management, and coastal development dominated the allocation to the Ministry of Environment, Forests and Climate Change in the Budg......
Climate change risks reflect in budgetary provisions in Budget 2022-23
that the risks of climate change are the strongest negative externalities that affect India and other countries, Finance Minister Nirmala Sitharaman on......
Ministry of Cooperation gets Rs 900 crore in Union Budget 2022-23
Budget has allocated Rs 900 crore to the Ministry of Cooperation compared to the revised estimate of Rs 403.30 crore in the current fiscal. The...
Budget allocation for CAPFs & CPOs up by 12.98%
of 12.98 per cent, the Central Armed Police Forces(CAPFs) and Central Police Organisations (CPOs) were allocated Rs 1,02,668 crore in the Union Budget......
Crypto tax regime indicates future of cryptocurrencies in India
flat 30 per cent taxation on income from crypto and digital assets in the Budget 2022-23 indicates the possible future of cryptocurrencies as a financi......
FM announces ‘Aspirational Blocks Programme’ and ‘Vibrant Villages Programme’
Nirmala Sitharaman on Tuesday announced an ‘Aspirational Blocks Programme for areas which continue to lag under Aspirational districts. She also announ......
Indian space sector targets Rs 219 cr revenue from launch services
of Space (DoS) is targeting revenue of Rs 219.14 crore from commercial launch services and also plans to put into orbit 10 satellites with its...
PM e-Vidya programme to be expanded to 200 TV channels: FM
Nirmala Sitharaman announced on Tuesday that the government will expand the PM e-Vidya programme of 'One Class, One TV programme' from 12 to 200 TV...
Tax for cooperative societies reduced in Union Budget
to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for......
750 virtual labs, 75 skilling e-labs to be set up
the Union Budget for the year 2022-23, Union Finance Minister Nirmala Sitharaman on Tuesday announced that skilling programmes and partnership with the......
Govt extends tax holiday for eligible startups by 1 more year
respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more y......
2 Lakh aganwadis to be upgraded: FM
anganwadis will be equipped with audio and audio visual aids and upgraded to new generation "Saksham" Anganwadis, Union Finance Minister Nirmala Sithar......
Fiscal Push: Budget FY23 gives massive Capex support to economy
high growth rate, India's Federal Budget 2022-23 has earmarked a massive budgetary outlay of Rs 7.50 lakh crore for FY 2022-23. In her Budget speech...