Union Budget 2022 News
From common citizens to tax traders, there are many expectations from 2023's budget. Keshav Bhajanka, The Executive Director of Century Ply, has many expectations from Indian Government on this year's budget session. He said, 'Government should give Production Linked Incentive Scheme (PLI) or Candidate Incentive even on furniture exports.'
Stressing that the Union Budget will help in implementing National Education Policy, the PM said, “National Digital University is an unprecedented step. The problem of shortage of seats can be resolved. There will be unlimited seats. I urge all stakeholders to ensure digital university starts as soon as possible.”
The government in September 2019 slashed corporate tax rate for companies that do not avail of any tax incentive, to 22 per cent. New manufacturing companies have to pay at an even lower corporate tax rate of 15 per cent. The Budget 2022-23 presented on February 1 proposed that the concessional 15 per cent corporate tax rate would be available for one more year till March 2024.