https://www.taxtmi.com/news?id=25426 The Finance Act, 2022 preserves existing slab rates and cess but introduces substantive changes: a new tax regime requiring forfeiture of specified exemptions/deductions; taxation of virtual digital asset transfers on a flat basis with no deductions or loss set off; withholding obligations on transfers of virtual digital assets and on value of benefits/perquisites; an updated return regime with additional tax for late updating; and expanded TDS/TCS, non filer and PAN related withholding and compliance obligations, supported by a detailed TDS/TCS compliance calendar. en-us Fri, 20 May 2022 13:24:51 +0530 Fri, 20 May 2022 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25426 The Finance Act, 2022 preserves existing slab rates and cess but introduces substantive changes: a new tax regime requiring forfeiture of specified exemptions/deductions; taxation of virtual digital asset transfers on a flat basis with no deductions or loss set off; withholding obligations on transfers of virtual digital assets and on value of benefits/perquisites; an updated return regime with additional tax for late updating; and expanded TDS/TCS, non filer and PAN related withholding and compliance obligations, supported by a detailed TDS/TCS compliance calendar. News - Fri, 20 May 2022 13:24:51 +0530 https://www.taxtmi.com/news?id=25426