Budget 2022 – Direct Tax

Budget 2022 - Direct Tax   1.   Surcharge reduced on Long Term Capital Gains - Surcharge on Long Term Capital Gains on any assets & Short Term Capital Gain on equity shares or units of equity oriented MF to be capped at ...
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Extension of Tax benefit by Finance Bill – 2022: An overview

Extension of Tax benefit by Finance Bill – 2022: An overview Tax benefit has been extended for one more year for provision realted to section 115BAB & Section 80IAC. Let us know about it. Extension of the last date for commencement of manufacturing or production, under section 115BAB, from 31.03.2023 to 31.03.2024 Section 115BAB ...
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Budget 2022 Highlights

Budget 2022 Highlights  Budget highlights 2022 FM Nirmala Sitharaman’s fourth budget presented today   Empathy for those who bore Covid pandemic impact Strong position to withstand challenges 7 growth engines in the gatishakti plan providing impetus for growth. Sabka prayaas for strong ...
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Bare Minimum Expectations from Union Budget – 2022

Bare Minimum Expectations from Union Budget – 2022 To Smt. Nirmala Sitharaman Hon’ble Finance Minister North Block New Delhi-01 Subject: Bare Minimum Expectations from Union Budget – 2022   Respected Madam,   At the outset, The Team Tax Talk would like to congratulate you for the 4th consecutive Union Budget 2022 to ...
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A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata

A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph – 033-22420638 URGENT Ref. No. DTPA/Rep/21-22/004 13thDecember 2021  Smt. Nirmala Sitharaman Hon’ble Minister of Finance and Corporate Affairs Government of ...
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Budget Highlights

Budget Highlights   No change in Tax Rates. Surcharge  and Cess to continue as existing. However a new Section 115 BAC is being introduced whereby an individual and HUF can opt to pay tax as per new tax rates in case it ...
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