budget highlights 2022 income tax
budget highlights 2021 income tax
No changes to corporate or personal income-tax rates.
International Financial Services Centre (IFSC) is being set
For Start- ups Tax holiday extended to for those incorporated up to 31 March 2022; capital gains also provided exemption on investment in startups extended to 31 March 2022 .
Affordable housing projects tax holiday extended to those projects approved by 31 March 2022; scope of the tax holiday expanded to cover affordable rental housing projects
Faceless Income-tax Appellate Tribunal (ITAT) appeals scheme with dynamic jurisdiction to be introduced; Authority for Advance Rulings replaced by Board for Advance Rulings; Settlement Commission discontinued – pending applications to be heard by interim boards
Practicing chartered accountant by Top City
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