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kunal savani

Kunal Savani

To provide parity in tax rates to HNIs and UHNIs, on various classes of capital assets, the Budget has proposed to cap the surcharge at 15% for long-term capital gains arising from any kind of asset.

Benefit for UHNIs/HNIs in the fine print of Budget 2022

by Kunal Savani |Feb 6, 2022

The surcharge on certain incomes such as dividends and capital gains arising from the on-market sale of equity shares and certain other securities is already capped at 15%.

As per the proposed regime, the income arising from the transfer of virtual digital assets is proposed to be taxed at a flat rate of 30%.

Budget 2022: Steep tax levies on digital assets, but hopes of legitimisation

by Kunal Savani |Feb 6, 2022

The fate of cryptocurrencies and other digital assets in India continues to be a grey area, at least till the government comes up with a proper regulatory regime.

Tax legislations may be amended to consider an outbound merger as a tax neutral transaction (akin to domestic mergers), subject to relevant conditions.

Budget 2022: Companies want FM to enable foreign listing

by Kunal Savani |Jan 23, 2022

In order to facilitate SPAC transactions, the budget may consider introducing a tax deferral regime, similar to that which exists for business trusts.