Union Budget 2022: No change in Income Tax bracket, 30% tax on virtual currency, sops for MSMEs announced

This is Sitharaman's fourth straight Union Budget when she presents financial statements and tax proposals for fiscal year 2022-23 (April 2022 to March 2023).

New Delhi: Finance Minister Nirmala Sitharaman presented her fourth straight Union Budget in the Parliament on Tuesday. Contrary to widespread expectations that the FM will make announcement on income tax bracket, she had nothing on the lines in her kitty.

The FM has however announced some sops on NPS, filing of revised ITR window, start ups, extended ECLGS scheme to mention a few.

The Budget Session of the parliament commenced from January 31 with President Ram Nath Kovind`s address. The first part of the Budget Session of Parliament will be held from January 31 to February 11 and the second part will take place from March 14 to April 8. 

Here are the Live Updates on the Union Budget 2022.

01 February 2022

01 February 2022 18:09 IST

Sensex soared 848 points while the Nifty reclaimed the 17,500-mark on Tuesday after Finance Minister Nirmala Sitharaman unveiled a bigger Rs 39.45 lakh crore Budget, with higher spending on infrastructure to spur economic recovery and create jobs. Metal, realty and cement stocks saw robust buying, while selling in auto and telecom counters capped the gains.

01 February 2022 17:31 IST

After 2018, information is being shared on black money by foreign countries. On bases of this info, we're working account by account for black money to be brought. NPAs in banks are coming down, banks getting the money back of those who've fled country: FM