Union Budget 2022 – A Synopsis by Singhi Chugh & Kumar, Chartered Accountants

Hi

Greetings from Singhi Chugh & Kumar, Chartered Accountants. Hon’ble Finance Minister presented a Growth-oriented and Capex intensive Budget 2022 that focussed on the creation of employment and demand in the Economy rather than an election oriented short term populist Budget. There is no increase in any relief payouts or changes in the tax slabs or increased investment limit in terms of taxation benefits, but, if we look beyond it, the Budget 2022 can be a 2024 oriented budget with long term growth outlook. Anyways, it is a great initiative, where after 2 years of covid stricken economy, the focus is on economic revival by catalysing demand and investments.

Please find attached herewith the synopsis of key tax proposals introduced in Union Budget, 2022.

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