TOPIC: ‘DECODING BUDGET’
Date: 5th February,2022.
Speaker: CA Palak Pavagadhi
Highlights: CA Palak Pavagadhi shared his expert knowledge on various nuances of Budget 2022 from a student’s view point. He rightly explained that budget is not Election oriented but its Growth oriented. He stated that legalization of digital currency will have good impact on future economy. He explained how the income of crypto will be taxed. He guided taxability of amount received for covid related illnesses. The disallowance of offensive expenses as deduction was explained very lucidly by him to students. Provisions related to borrowed money and stamp duty were conveyed the with example to give clear understanding of amendments given by Budget 2022 to students. He discussed myths and facts of budget prevailing in common people due partial clarity regarding Budget offerings.