Income Tax Unchanged, 30% Crypto Tax, Infrastructure Push: 10 Points
Wednesday, February 2, 2022 IST
Budget 2022: 5G services, e-passports and tax on virtual assets are among the key announcements in this budget
A push for infrastructure and a 30 per cent tax on transfer or sale of digital assets were the highlights of Finance Minister Nirmala Sitharaman's Budget 2022. Income tax rates have been kept unchanged.
Here are the 10 big announcements in this Budget:
1. The government's total expenditure has been increased by 4.8 per cent to ₹ 39.5 lakh crore.
2. A 30 per cent tax will apply on income from the sale or acquisition of virtual and digital assets such as cryptocurrency.
3. Taxpayers can file updated income tax returns within two years in one-time window. There is no change to Income Tax slabs.
4. The surcharge on long-term capital gains has been capped at 15 per cent.
5. A Gati Shakti Master Plan for expressways to facilitate faster movement of people and goods. A data centre and energy storage system will be given infrastructure status to provide easy financing to the sector.
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