J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu  ||  Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint'  ||  Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed  ||  Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act  ||  Supreme Court: Mutation of Revenue Records Can Be Based on a Will  ||  Supreme Court: Informant’s Criminal Revision Does Not Abate on Death; Other Victims May Continue  ||  Supreme Court: Driving Licence Renewal After a Gap Will Not Take Effect From Expiry Date  ||  Supreme Court: High Courts Cannot Quash Cheque Bounce Cases by Pre-Trial Inquiry Into Liability  ||  Supreme Court: Passport Renewal Cannot be Denied if Trial Court Has Permitted it Despite Pending Case  ||  SC: Delay in Depositing Sale Balance Does not Make Specific Performance Decree Inexecutable    

Central Government Proposes 39 Amendments in Finance Bill 2022 - (25 Mar 2022)

BANKING

Central Government has proposed 39 amendments in the Finance Bill 2022, including clarification on taxation of virtual digital assets (VDAs) or cryptocurrencies. The Bill has proposed a 30% tax on the transfer of cryptocurrencies. Further, the Bill proposes deduction of surcharge or Cess, which has been claimed and allowed to the taxpayer, to be deemed as under-reported income and subjected to 50% penalty.

Tags : CENTRAL GOVERNMENT   AMENDMENT TO FINANCE BILL 2022  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved