Finance Minister Nirmala Sitharaman announced a 30 percent tax rate and 1 percent TDS for gains made from virtual assets and transfers in the Budget.

Every rupee spent by the government on capital creation adds Rs 2.95 to overall income, said the finance minister.

Liquidity will begin to tighten in the coming twelve months and he hopes growth will pick up the lag.

The clarification will clear confusion on how the cess is to be treated for calculating tax liability even though it involves a retrospective application for a few companies

The director and CEO of Centre for Monitoring Indian Economy, which also tracks unemployment data, said that the Budget was disappointing but in line with the Centre’s stand of denial

CMD of the leading hotel chain would have liked a support line for the decimated smaller businesses along with the push for the new economy 
 

Are we on the brink of a private sector capex cycle, or is there an overestimation of the depth of local bond markets?

The budget left those hoping for some tax relief hanging. But what of those who truly needed more relief in these difficult times?

A huge landmark for the Indian crypto industry in Budget 2022 is the proposal to levy a flat 30% on gains from the transfer of digital assets and 1% TDS on payments towards virtual currencies. Rahul Jagtiani interviews Anoush Bhasin, a chartered accountant…