J P Chawla & Co. LLP

Budget Analysis 2022 

The Budget Analysis for the 2022-23 fiscal year provides a comprehensive insight into India’s economic trajectory amidst global transformations catalyzed by the pandemic. With the Indian GDP forecasted to rebound significantly, reaching a growth rate of 9.2% in FY22, compared to a contraction of 7.3% in FY21, and a projected growth of 8-8.5% for FY23, this analysis dissects the nuances of the budget’s economic outlook. It delves into key sectors including Direct Tax, such as Corporate and Personal Tax, Anti-Tax Avoidance measures, and International Tax implications. Additionally, it scrutinizes Indirect Tax proposals encompassing Goods & Service Tax, Service Tax, and Central Excise & Customs. With a focus on regulatory changes and social security proposals, this analysis serves as an indispensable tool for understanding the fiscal landscape and its implications on various stakeholders.

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