The 91-minute short speech of Finance Minister Nirmala Sitharaman this morning had many provisions spelt out explicitly, but many were hidden in the detailed Finance Bill. Moneycontrol decodes some of those Budget proposals for you.
Donation deduction disallowed
Many of us donate money to charitable institutions and educational institutes. Now, if you look to claim benefits under your income tax return through Section 80G, then there are chances that you could be denied the deduction due to reasons beyond your control.

New registrations have been proposed for charitable trusts and organisations. Once that is past us, there are other documents they need to upload such as statement of donations. As per the Budget 2022 provisions, the deduction claimed by the donor will be disallowed in case the donee (research association, university, college or other institutions) fails to furnish the statement of donations. This will retrospectively come into effect from April 1.
Have you deducted any tax before making a payment, say rent, to a non-resident Indian and found that the tax was not deductible? To be sure, there are some payments made to NRIs that call for a TDS. But there are a few other payments that may not attract a TDS. If the NRI has proven to you that the tax was not deductible, then Budget 2022 provides for an amendment through which you can file an appeal starting April 1, before the assessing officer claiming a refund of the tax deducted via newly introduced Section 239A. Earlier, this appeal used to go all the way up to the commissioner of appeals, which was time-consuming. This has now been simplified.
Remember that the appeal should be filed within 30 days of making the tax payment to the government account.
No fee for delayed returns
There is a penalty of up to Rs 5,000 for furnishing returns after the due date. Budget 2022 has proposed an amendment to Section 119 to provide relief in fees imposed for not furnishing the return within the due date.
“This proposal empowers them to not impose a penalty on a specific set of people. Certain sections of the society can be excluded from the penalty for submitting returns after the due date, specifically those falling under Section 234F, which was missing from the list,” says Ameet Patel, tax partner at Manohar Chowdhry & Associates. But a clarification is yet to come on who is classified as a ‘specific person’.
Higher tax deduction at source for non-filers
Last year’s Budget had doubled the TDS rate (1-10 percent) for those who had not filed their tax returns in the past two years. Budget 2022 has tightened this window. Now, even if you haven’t filed your tax returns in the past one year, then you pay a higher TDS.
To be sure, TDS is applicable on bank account and deposit interest, stock and mutual fund dividends, property sale, rental income, NRI payments and high-value sales. It varies from 1 percent to 20 percent. Under Budget 2022, the profits from virtual digital assets or cryptocurrencies too have been subjected to 1 percent TDS.
“The income tax department has made the provisions more stringent to catch the evaders. If you have to deduct the TDS before making the payment, then you should check the income tax department’s utility to know whether the person has filed his return or not. Accordingly, the tax deduction rate would be normal or double,” says Patel.
Cess, surcharge non-deductible
The government has clarified that cess and surcharge cannot be claimed as expenses while claiming deductions for income from business and profession. This puts an end to many long-standing disputes. “All the appeals that have been filed claiming that the cess and surcharge can be deducted will be affected,” says Paras Savla, partner at KPB & Associates.
The provisions of this section would be retrospectively applicable starting 2005.
“Many professionals and companies were advised that cess is an expense and can be deducted against business gains. But now the clarification has been spelt out,” says Patel.
Wider scope of re-assessment
More re-assessments of income tax returns would be done in the future, thanks to the Budget 2022 proposals, which have widened the scope of re-assessment issuance. Last year, the re-assessment window was reduced to three years from six years earlier and only the cases involving assets could be opened for re-assessment for up to 10 years.
Budget 2022 provides that even if you have claimed expenses that are questionable, such returns can now also be opened (or reassessed) for up to 10 years, from the date of filing.
“The scope of escaping income has been widened and if your books of account exceed Rs 50 lakh, then more re-assessments can be issued for up to 10 years,” points out Savla.
80 thoughts on “Union Budget 2022 | Six money changes that finance minister did not spell out”
natural ed cures
buy levaquin 250mg pills cheap levaquin
buy avodart pill order dutasteride without prescription order ondansetron 4mg sale
sildenafil brand buy sildenafil 100mg without prescription order estrace 1mg for sale
buy generic lamictal 200mg tretinoin cream drug buy tretinoin
buy tadalafil 20mg online cheap order avana 100mg for sale order diclofenac generic
accutane online isotretinoin price zithromax 500mg for sale
buy generic indomethacin cefixime 200mg oral buy trimox pills
buy cialis 40mg online cheap Buy brand viagra sildenafil pills
order arimidex 1 mg sale clarithromycin 250mg usa viagra 100mg oral
cialis 40mg pour homme pharmacie en ligne sildenafil 50mg sildenafil 200mg en ligne
deltasone 40mg without prescription costco online pharmacy viagra mail order
accutane 20mg sale buy amoxicillin 250mg for sale ivermectin 6mg over the counter
buy modafinil for sale purchase acetazolamide without prescription order acetazolamide 250mg sale
doxycycline for sale online order clomid 100mg without prescription furosemide online order
buy altace online buy clobetasol generic order generic azelastine
catapres drug order meclizine 25 mg online buy tiotropium bromide 9 mcg online
buspar uk dilantin 100mg pill purchase oxybutynin for sale
order benicar 10mg online cheap benicar pills diamox 250 mg over the counter
tacrolimus online order generic prograf 5mg urso 150mg cost
buy generic imdur 40mg cost digoxin 250 mg purchase micardis online
zyban 150mg sale purchase quetiapine brand seroquel
brand molnupiravir naproxen 250mg us prevacid 15mg tablet
buy sertraline online cheap kamagra brand cheap viagra for sale
salbutamol 100 mcg over the counter order pantoprazole pills buy viagra 100mg
tadalafil 20mg price Best cialis price real viagra sites
cialis 10mg cheap tadalafil canada symmetrel order
naltrexone 50mg pills order albendazole generic abilify 30mg brand
order generic avlosulfon 100mg order dapsone 100 mg pill purchase perindopril generic
provera order order generic hydrochlorothiazide order cyproheptadine 4 mg online
buy generic provigil stromectol tablet ivermectin australia
fluvoxamine 50mg tablet buy duloxetine buy glucotrol 5mg generic
order accutane 10mg for sale deltasone 20mg sale order prednisone 40mg sale
buy piracetam 800mg pill piracetam 800 mg sale buy viagra 100mg online
cheap azithromycin 250mg gabapentin 600mg price buy gabapentin
tadalafil 5mg without prescription brand cialis 5mg viagra overnight shipping
buy lasix for sale buy doxycycline 200mg pill plaquenil online buy
buy tadalafil 5mg online cheap order clomipramine 25mg online order clomipramine 50mg generic
chloroquine uk olumiant 4mg for sale buy olumiant 4mg pills
buy itraconazole 100mg generic sporanox 100 mg drug order tinidazole online cheap
buy metformin sale atorvastatin 10mg over the counter cialis brand
order zyprexa 10mg online diovan 80mg ca buy valsartan 80mg pills
buy norvasc 5mg online buy viagra 100mg for sale cialis 20mg pill
clozaril drug combivent price purchase dexamethasone generic
viagra sale cheap lisinopril 2.5mg buy lisinopril online
buy linezolid play online blackjack empire casino online
order omeprazole 20mg pills eassy writing best poker online real money
buy lopressor 50mg sale tenormin us levitra 10mg pill
buying essays roulette wheel online best casino games
order levitra 20mg generic methylprednisolone 4mg online methylprednisolone buy online
essays buy buy a dissertation cheapest viagra
cost clomid 100mg order clomiphene without prescription slots casino games
order cialis generic order viagra pill buy viagra 50mg sale
order aristocort 10mg without prescription order aristocort pills desloratadine drug
priligy 30mg uk order synthroid 75mcg for sale purchase levothyroxine for sale
tadalafil 40mg over the counter oral cialis 10mg purchase viagra generic
orlistat canada purchase acyclovir pills acyclovir brand
tadalafil 5mg oral plavix 150mg tablet order plavix 150mg pills
buy zyloprim 300mg ezetimibe uk zetia ca
order methotrexate 10mg online buy reglan 10mg order metoclopramide 20mg generic
order domperidone without prescription buy domperidone 10mg sale purchase flexeril pills
cozaar 50mg generic esomeprazole 20mg canada order topiramate pills
cost ozobax buy toradol without prescription buy toradol
order imitrex online sumatriptan medication order avodart online
buy colchicine pills real money slots online roulette game real money
buy ranitidine 300mg online cheap buy zantac online cheap celecoxib tablet
free poker games roulette game online casino games
flomax 0.2mg uk spironolactone pills spironolactone 100mg price
cialis usa acillin generic buy cipro 500mg pills
order simvastatin 20mg sale oral simvastatin 10mg propecia order online
buy metronidazole 400mg buy bactrim 960mg pill buy bactrim 480mg online
order generic fluconazole buy generic diflucan viagra drug
keflex 250mg ca cleocin online order erythromycin brand
cialis buy online purchase cialis for sale viagra drug
female viagra pill female cialis prices of cialis
order ceftin generic order robaxin for sale methocarbamol 500mg brand
free online slots free spins cialis coupon
order desyrel 50mg online purchase sildenafil pills buy sildenafil 100mg sale
essay writing assistance buying a research paper how much does ivermectin cost
sildenafil 150 mg sildenafil citrate lamotrigine 50mg without prescription