Budget 2022: From long-term to short-term capital gains, here's how to master your tax game

The budget capped surcharge at 15 per cent on long-term capital gains (LTCG) tax for all listed and unlisted corporations, a long-standing demand.

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Booking long term capital gains on crypto assets by March 31 may save you 10% tax

The tax rules on cryptocurrencies and other digital assets will come into effect from the new financial year, i.e., FY2022-23. However, taxation of cryptocurrency sales for the ongoing FY was not mentioned in Budget 2022. ET Wealth online spoke with chartered accountants and tax experts to find out how crypto investors can calculate their liability for FY2021-22 keeping the latest budget proposals in mind.

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4 ways Budget 2022 has tightened income tax net

Here is a look at proposals announced in Budget 2022 to tighten various income tax provisions.

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HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance

"The bank has received a communication from HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders of the company, conveying its intention to acquire Bank's stake in the company," PNB said in the regulatory filing.

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Union Budget 2022: Make life less taxing with these tips

Based on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an updated return within two years from the end of the relevant assessment year from three months at present.

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Union Budget 2022: 80c your tax-saving window and savings beyond 80c

If you have not opted for the new tax regime and your basic salary is over 1 lakh a month, your 80C limit will be used up by provident fund contributions alone. Want to save more?

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8 Best Cryptocurrency to Invest in for February 2022

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Budget 2022: ITR relief to flat levy on digital assets, all's well on tax front

In the field of taxes, less is always more. No new taxes were proposed nor were taxes raised. Instead, by limiting the surcharge on capital gains, long-term capital gains tax on unlisted shares has been reduced by about 4.5%. All of which is very welcome.

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Budget 2022 hikes tax exemption on employer’s NPS contribution for state govt staff to 14% from 10%

Investment in National Pension System (NPS) is offers tax benefit under three different sections of the Income-tax Act, 1961.

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Will bring out battery swapping policy, FM Nirmala Sitharaman says

Talking about urban planning, the government will be promoting the shift to use to public transport in urban areas. This will be complemented by cleantech and governance solutions and zero mobility zones with a fossil fuel policy and EVs,” she said.

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Budget 2022 levies 30% tax and TDS on crypto assets

TDS will be imposed on payments for the transfer of crypto assets at a rate of 1% for transactions over a certain threshold. Furthermore, gifts of crypto assets will be taxed in the recipient's hands.

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Pay 25% to 50% penalty to update your income tax return upto 2 years later, says Budget 2022

Currently, an individual gets time till December 31 (unless extended by the government) to update their ITR to provide a correct picture of the income earned by him/her from various sources during the financial year. The newly proposed law will give taxpayers two years from the end of the relevant assessment year to file their correct ITR.

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Online transfer of funds between post office and banks announced in Budget 2022

Finance minister Nirmala Sitharaman also announced to set up 75 digital banking centres in 75 districts by scheduled commercial banks.

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