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Union Budget 2022
Enabling India’s big leap
India Budget 2022 will be presented in the Parliament on 1 February 2022. The Union Budget is expected to put the economy on an accelerated growth path after the impact caused by the pandemic. Amendments in the tax law to bring about sustainable growth, infrastructure investment, focus on R&D spending, nurturing incentives to the core sectors including manufacturing and services, tapping the huge experience of running captive centres are some of the priority items on the agenda of the Government as the preparation get underway to unveil the budget. Ease of tax compliances, simplification and digitisation are the cornerstones to enhance the ease of doing business in India.
With an optimistic outlook towards sustained growth, all eyes are on the announcements.
Life Sciences and Health Care: Business considerations consequent to Union Budget 2022 and the recent Supreme Court ruling
The Finance Bill, 2022 has proposed amendments to income-tax provisions on the deductibility of expenses and withholding tax on expenses incurred by pharmaceutical companies on travel, hospitality, conference expenses, etc., of medical practitioners.
Union Budget 2022 – Key proposals impacting the life sciences and health care industry
Background: The Finance Bill, 2022 has proposed amendments to income-tax provisions on deductibility of expenses and withholding tax. These amendments are likely to have a significant impact on the life sciences and health care industry.
Future of foreign dividends
Background: Tax on dividend from specified foreign companies.
It is imperative for Indian companies with outbound investment in a specified foreign company (i.e., a foreign company, where an Indian company holds 26 percent or more of the equity share value) to ponder over the recent amendment proposed by the Finance Bill 2022 (FB 2022).
The much-awaited Union Budget 2022 was announced earlier today. We are pleased to share the key takeaways from the economy, policy, and tax announcements made by the Hon’ble Finance Minister in the budget speech.
Read the top highlights from the economy, policy, and tax announcements made by the Indian Finance Minister in the Budget speech.
Join subject matter experts as they share a short, simple, and strategic take on the India Budget 2022. We will discuss the following topics:
- The Government's tax initiatives on reviving the industries and boosting optimism
- Key policy announcements towards making India self-reliant
- Analysis and impact of new tax proposals on your sectors, and the way forward
Top highlights
Date: 1 February 2022
Time: 5:00 p.m. IST / 7:30 p.m. HKT / 11:30 a.m. UKT
Moderator: Karishma Phatarphekar
Subject Matter Experts: Amit Sarker, Priya Narayanan, Richa Gupta
Impact for US multinational enterprises
Date: 2 February 2022
Time: 9:00 p.m. India time / 10:30 a.m. US EST
Moderator: Anil Talreja
Subject matter experts: Manisha Gupta, Prashanth Bhat, Rajesh Gandhi
Pre-budget expectations
Join Deloitte specialists as they share their insights and expectations from the Union Budget 2022.
Union Budget 2022, India: Deloitte India brings to you exclusive insights into our expectations from the Union Budget 2022. Get the latest updates and industry-specific opinions from our experts.
