Any transaction done in Crypto world will be taxed at 30%, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday presented the fourth Budget of the Modi 2.0 government amidst the coronavirus pandemic. These are the big announcements during the Union Budget 2022-23 speech so far.

• Issuance of E-passports to be rolled out this year
• India to roll out own Digital Currency by 2023
• FM reduces Alternate Minimum Tax on co-operative societies tax rate to 15% from 18.5%
• Gift of cryptocurrencies to be taxed at the receiver's end
• New provision to allow taxpayers to file an updated return. Updated returns can be filed within 2 years from the end of the relevant assessment year.
• India to launch sovereign green bonds
• 5G spectrum auctions to be conducted this year
• ECLGS scheme extended till March 2023
• Capital expenditure is being stepped up to Rs 7.5 lakh crore
• Implementation of the Ken-Betwa linking project at the cost Rs 44,605 crore will be taken up
• Rs 48, 000 crore is allotted for PM Awas Yojana

Additional allocation of Rs 19,500 cr for solar modules under PLI scheme