Budget 2022 Live: Digital Rupee To Be Launched By RBI In FY23

GST Collection for Jan-22 at ₹1.41 lakh crore

This is the highest since the inception of GST, according to her. This announcement is not part of the FM's speech

No changes to income tax slabs, as FM Sitharaman moves to indirect taxes

Any surcharges or cess will not be allowed as business expenditure

Surcharge on any long-term capital gains capped at 15%

30% tax on the transfer of digital assets

This will also be applicable on gifting. TDS of 1% on transfer of digital assets, and its gains cannot be setoff against any losses

Level playing field for cooperative societies and corporation

Alternative minimum tax to be made level at 15%

New and updated returns announced

Filing of updated returns to be permitted on payment of additional tax within 2 years

Fiscal deficit for next year 6.4% of GDP

Revised fiscal deficit for this year 6.9%

₹39.45 lakh crores expenditure for FY23