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Union Budget 2022: FM proposes 1 pc TDS on payment made to transfer virtual digital assets

Feb 01, 2022

New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman announced on February 01 that income from digital asset transfers will be taxed at a rate of 30 per cent. This move is seen as ‘crypto tax’. Presenting the Union Budget 2022-23 in the Lok Sabha, Sitharaman said gifts received in the form of cryptocurrencies will also be taxed at the same rate. Cryptocurrencies gifts will be taxed at the receiver's end. While presenting the Budget in the Parliament, she said, “I propose to provide that any income from transfer of any virtual digital asset...

'Parvat Mala' scheme will strengthen transport connectivity in hilly areas: PM Modi
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'Parvat Mala' scheme will strengthen transport connectivity in hilly areas: PM Modi

Feb 01, 2022

Rs 76,000 cr allocated for development of northeast in Budget 2022: G Kishan Reddy
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Rs 76,000 cr allocated for development of northeast in Budget 2022: G Kishan Reddy

Feb 01, 2022

Srinagar airport kicks off operations from its newly developed domestic cargo complex
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Srinagar airport kicks off operations from its newly developed domestic cargo complex

Feb 01, 2022

PM Modi hails Union Budget 2022, calls it ‘people friendly and progressive’
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PM Modi hails Union Budget 2022, calls it ‘people friendly and progressive’

Feb 01, 2022

  • Budget only for rich, nothing for poor: Mallikarjun Kharge
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    Budget only for rich, nothing for poor: Mallikarjun Kharge

    Feb 01, 2022

  • No relief for poor, taxpayers, small industries in Budget, says Anand Sharma
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    No relief for poor, taxpayers, small industries in Budget, says Anand Sharma

    Feb 01, 2022

  • Uttarakhand Polls: Pushkar Singh Dhami conducts door-to-door campaign in Tharali
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    Uttarakhand Polls: Pushkar Singh Dhami conducts door-to-door campaign in Tharali

    Feb 01, 2022

  • Very little mention of healthcare in Budget, robust infrastructure is needed: Dr Naresh Trehan
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    Very little mention of healthcare in Budget, robust infrastructure is needed: Dr Naresh Trehan

    Feb 01, 2022

  • It’s a deflationary Budget, there will be tremendous job creation, says Jayant Sinha
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    It’s a deflationary Budget, there will be tremendous job creation, says Jayant Sinha

    Feb 01, 2022

  • Extremely disappointing, a damp squib, says Shashi Tharoor on Union Budget 2022
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    Extremely disappointing, a damp squib, says Shashi Tharoor on Union Budget 2022

    Feb 01, 2022

Union Budget 2022: Co-operative surcharges will be reduced to 7 pc from 12 pc, says FM
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Union Budget 2022: Co-operative surcharges will be reduced to 7 pc from 12 pc, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): While presenting the Union Budget 2022 at the Parliament on February 01, Finance Minister Nirmala Sitharaman said that Co-operative surcharges are to be reduced from 12 per cent to 7...

Union Budget 2022: RBI to issue ‘Digital rupee’ using blockchain in 2022-23, says FM
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Union Budget 2022: RBI to issue ‘Digital rupee’ using blockchain in 2022-23, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman announced the Union Budget 2022 at the Parliament on February 01. While addressing the Parliament, she said, “Digital rupee to be issued using blockchain and...

Union Budget 2022: Effective Capital Expenditure is estimatedto be 4.1 pc of GDP, says FM
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Union Budget 2022: Effective Capital Expenditure is estimatedto be 4.1 pc of GDP, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman announced the Union Budget 2022 at the Parliament on February 01. While addressing the Parliament, she said, “Effective Capital Expenditure of the Central Government is...

Union Budget 2022: Rs 48,000 crores allocated for 80 lakh houses under PM Awas Yojana, says FM
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Union Budget 2022: Rs 48,000 crores allocated for 80 lakh houses under PM Awas Yojana, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman announced the Union Budget 2022 at the Parliament on February 01. While addressing the Parliament, she said, “Rs 48,000 crores allocated for completion of construction...

Union Budget 2022: Rs 2.37 lakh crores of MSP to be given directly to 163 lakh farmers, says FM
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Union Budget 2022: Rs 2.37 lakh crores of MSP to be given directly to 163 lakh farmers, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman announced the Union Budget 2022 at the Parliament on February 01. While addressing the Parliament she said, “Procurement of wheat in Rabi season 2021-22 and...

Union Budget 2022: Gross GST collection for January 2022 is highest since inception, says FM
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Union Budget 2022: Gross GST collection for January 2022 is highest since inception, says FM

Feb 01, 2022

New Delhi, Feb 01 (ANI): Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman on February 01 said that GST collections for January month 2022 are Rs 1,40,986 crores is the highest since inception of...

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