Page 27 - Budget 2022 News

FPIs look to Budget for clarity on REIT, InvIT taxation rate

Uncertainty arises from tweak in SCRA; entities take conservative view, pay higher tax of 20% on interest income

Tax woes: Tesla gets an offer, but with a caveat on local manufacturing

Tesla models, with price starting at around Rs 34 lakh in the US, will cost double in India

New tax regime disincentivises charity donations, says study

Ashoka University-CBGA study recommends restoration of inheritance and wealth taxes

Budget 2022: MSMEs may get credit guarantee, better deal in IBC cases

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

Corporate tax this fiscal likely to exceed Budget Estimates by 19%

Direct, indirect tax revenues have been a bright spot for Centre in FY22

Investment deficit

Govt should not hold back capital expenditure

Budget 2022: Govt should put more money in hands of consumers, says HUL CMD

From a Budget perspective, he said the most important thing is that 'we have to ensure that the tax rates remain consistent, policy remains consistent. As businessmen, we all crave for that'

Budget FY23: EV makers seek incentives for exports, PLIs to small players

SMEV has requested the Centre to provide some incentives -- in the form of subsidies -- on exports of affordable small cars and scooters from India in the Union Budget FY23

Healthcare likely to receive top priority in Budget 2022: Assocham

Healthcare sector is likely to receive the highest priority in the upcoming Union Budget 2022-23 on account of continuing challenges posed by COVID-19

'Govt should abolish STT to encourage new investors to start trading'

The investment industry will benefit if the Securities Transaction Tax is abolished, says Nikhil Kamath, co-founder of Zerodha, as part of his FY23 Budget expectations

Budget 2022: New sectors expected to get infrastructure, industry status

The Centre might bestow infrastructure as well as industry status to new sectors to boost several pandemic hit industries in the upcoming Union Budget.

Budget FY23: Reduce central excise on ATF to 5%, says airline major IndiGo

Airline major IndiGo on Wednesday urged the Centre to reduce central excise on jet fuel to 5 per cent from 11 per cent in the Union Budget FY23, to be tabled in the Parliament on February 1.

Economy needs nursing; Budget shouldn't focus on fiscal consolidation: SBI

House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation

Union Budget 2022-23: Phasing out of some tax exemptions likely

FinMin also exploring the option of rationalising capital gains tax rates

Chronically ill aviation industry due to 21% indirect taxes: IndiGo CEO

Ronojoy Dutta requested the Ministry of Finance to reduce central excise taxes on fuel from 11% to 5% and eliminate custom duties on aircraft repair parts

Budget 2022: MSMEs may get credit guarantee, better deal in IBC cases

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

FinMin asks ministries to restrict expenses within prescribed limit

The communication comes ahead of the Union Budget 2022-23, likely to be unveiled on February 1

Budget wishlist: Here are the key challenges in health care sector

Health care-focused REITs needs to be encouraged to finance infrastructure

Budget: Jewellery council seeks import duty cut on precious metals

The Budget for FY23 will be tabled in the Parliament on February 1

FM should take growth responsibility away from monetary policy: Pronab Sen

'The robust tax collections give the finance minister a fair amount of headroom for an expansionary fiscal policy', he said