In the Union Budget 2022, the Central Government has introduced the new scheme which permits all tax-payers to file an “Updated Return” within 24 months from the end of the relevant assessment year. The new provision allows the tax-payers to update or file their Income Tax returns on payment of additional tax. It is issued…
Madikeri: The Centre has granted Rs. 1,000 crore for the 87.2-km Mysuru-Belagola-Kushalnagar Railway line that is expected to cost Rs. 1,854.62 crore. The allocation has been made in the Union Budget 2022-2023. The cost factor has been estimated in a survey that was conducted in 2019. If implemented, Kodagu will be placed in India’s Railway…
H.D. Kote: Former Chief Minister Siddharamaiah yesterday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman as ‘Sab ka vinash’ budget for its poor allocation to various sectors such as health, agriculture, education food security and employment generation among others. The former CM also expressed his concern over mounting debts of the country. Addressing…
Digital rupee with blockchain from RBI coming up Taxpayers can file updated returns within 2 years in one-time window 30% tax for digital assets, highest tax band Rs. 2 per litre will be imposed on unblended fuel from Oct. 1, 2022 All 1.5 lakh post offices to be connected to core banking system PM Gati…
New Delhi: When Finance Minister Nirmala Sitharaman presented her first Union Budget in 2019, she drew the nation’s attention by replacing the budget briefcase with the “bahi khata.” The decision to opt for the bahi khata appeared to be a move to dump the colonial practice of carrying a briefcase. The “budget briefcase” was a…
New Delhi: This year, Finance Minister Nirmala Sitharaman wrapped up her Budget speech this time in about 92 minutes — her shortest one so far. Last year she had spoken for an hour and 50 minutes. Her speech in 2020 had made headlines for being the longest one in India’s history at about 2 hours…
New Delhi: The traditional ‘halwa ceremony’ ahead of the Union Budget 2022-2023 was not observed this year. The custom that marks the final leg of the budget preparation exercise was replaced by distribution of sweets to the core staff. In 2021, the ceremony took place nine days ahead of the budget presentation. The decision to…
New Delhi: The Budget Day is the most important day for any Finance Minister as it evaluates his/her performance, in Parliament by the Opposition and by the public at large. Every Finance Minister starts his/her Budget day with Ganesh puja at the corridors of the Finance Ministry of the North Block, offering flowers to the…
President Kovind lauds Centre’s welfare schemes, says India running world’s largest food distribution drive New Delhi: The Union Budget session this year is a 79-hour window for the government to conduct legislative business and both houses will sit one hour less per session of the total 27 sessions due to staggered sittings amid the COVID-19…
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