Pranam The Union Budget 2022 – Analysed
Based on the Union Budget speech by the Hon’ble Finance Minister on 1st Feb 2022. 1 Capping of surcharge on long term capital gains on sale of any type of asset (from graded surcharge up to 37% to 15%) will reduce the effective long term capital gains tax rate in the hands of investors, founders and founding team members• 2 Digital Rupee by the RBI will lead to more efficient and cheaper currency management system• Tax deduction on annuity and lump sum amount from insurance schemes taken for differently abled dependents will be applicable during the lifetime of parents/guardians, i.e., on parents/ guardians attaining the age of 60 years• 3 All post offices in the country will be brought on the core banking system. With this, post office account holders will be able to make online transactions and even transfer money to bank accounts through net banking. 4 Parents/ guardians of differently abled dependents can look in to buying insurance plans, which offer annuity or lumpsum payment when they attain 60 years of age• 5 Post offices coming under the core banking system will facilitate digital transactions, resulting in easy accessibility and convenience KR IRS 02022022 -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZooVSExFw%2BqWBbQhC7VMQ3jNuZFy165syHMt-hjMsScQQA%40mail.gmail.com.
