Major GST Changes under Union Budget 2022
Under the newly proposed Finance Bill, 2022 the Union Ministry has proposed to extend the time limits under sections 16(4), Section 34 & Section...
![Finance Bill, 2022 provides clarity Section 80G Deduction for Voluntary Contributions for Renovation, Repair of Temples, Mosques, Gurudwaras, Churches [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Section-80G-deduction-Voluntary-Contributions-for-renovation-repair-of-temples-mosques-gurudwaras-churches-budget-scan-budget-session-budget-2022-Taxscan.jpg "Finance Bill, 2022 provides clarity Section 80G Deduction for Voluntary Contributions for Renovation, Repair of Temples, Mosques, Gurudwaras, Churches [Read Finance Bill]")
![Finance Bill 2022 proposes New Provision enabling to obtain a Refund of TDS paid where it was not deductible [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Finance-Bill-New-Provision-Refund-TDS-paid-Budget-2022-Budgetscan-Budgetsession-Budgetwithtaxscan-Taxscan.jpg "Finance Bill 2022 proposes New Provision enabling to obtain a Refund of TDS paid where it was not deductible [Read Finance Bill]")
![Budget 2022: Govt withdraws Exemptions to Income of Individuals assigned with Duties outside India for Co-operative Technical Assistance Programmes [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Government-withdraws-Exemptions-Income-of-Individuals-assigned-Duties-outside-India-co-operative-technical-assistance-programmes-taxscan.jpeg "Budget 2022: Govt withdraws Exemptions to Income of Individuals assigned with Duties outside India for Co-operative Technical Assistance Programmes [Read Finance Bill]")
![Budget 2022: Finance Minister announces Customs Reforms and Duty Rate Changes [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Customs-Duty-Budget-2022-Finance-Minister-Customs-Reforms-duty-rate-taxcsan.jpg "Budget 2022: Finance Minister announces Customs Reforms and Duty Rate Changes [Read Finance Bill]")
Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]
The Finance Bill, 2022 introduced to the Parliament by the Union Finance Minister Nirmala Sitharaman proposed to empower the Central Board of Direct taxes (CBDT) to provide relaxations to the...
![Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-budgetscan-budgetwithtaxscan-budgetsession-Penalty-Non-filing-Income-Tax-Returns-Finance-Bill-CBDT-genuine-Hardships-persons-Taxscan.jpg "Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]")
Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]
With a view to reduce the litigation and the cost, the Finance Minister has proposed a mechanism as per which, when in an appeal by revenue an identical question of law is pending before...
![Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Jurisdictional-High-Court-Supreme-Court-Litigation-Management-Identical-Question-of-Law-Taxscan.jpeg "Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]")
Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman in her Budget Speech has announced the reduction in Alternate minimum tax rate and Surcharge for Cooperatives. Currently, cooperative societies are...
![Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-Scan-Budget-Session-Finance-Minister-Reduces-Alternate-minimum-tax-rate-and-Surcharge-Cooperatives-taxscan.jpeg "Budget 2022: Finance Minister reduces Alternate Minimum Tax Rate and Surcharge for Cooperatives [Read Finance Bill]")
Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman in her Budget Speech has clarified the stand on ‘Health and Education cess’ as business expenditure. The income-tax is not an allowable expenditure for...
![Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-Session-Budget-Scan-Finance-Minister-Health-and-Education-cess-business-expenditure-Taxscan.jpg "Budget 2022: Finance Minister clarifies the stand on ‘Health and Education cess’ as Business Expenditure [Read Finance Bill]")
![Budget 2022: Income Tax Relief announced for differently-abled Persons [Read Finance Bill, 2022]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Income-Tax-Relief-Income-Tax-Differently-abled-Persons-Budgetwithtaxscan-Taxscan.jpg "Budget 2022: Income Tax Relief announced for differently-abled Persons [Read Finance Bill, 2022]")
Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]
The Finance Minister, Nirmala Sitharaman while giving her budget speech announced the hike in Tax Deduction limit for State Government Employees from 10% to 14% on NPS accounts. "Both Centre and...
![Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Budget-session-budget-scan-Tax-Deduction-limit-State-Government-Employees-NPS-accounts-Taxscan.jpeg "Budget 2022: Tax Deduction Limit for State Govt Employees Hiked from 10% to 14% on NPS Accounts [Read Finance Bill 2022]")