It’s the first day of February. This means…. no, we are not referring to the upcoming Valentine’s Day. It’s the day when the budget of India is presented.
The Union Budget 2022 has already been announced by our Finance Minister Nirmala Sitharaman in Parliament.
I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%. No deduction in respect of any expenditure or allowance shall be allowed while computing such income, except cost of acquisition: FM Nirmala Sitharaman#Budget2022 pic.twitter.com/DHQvZsRyeN
— ANI (@ANI) February 1, 2022
During her speech, the minister said that this year, India is likely to see a growth of 9.27%. It was also announced that startups will be promoted for ‘Drone Shakti’, reported Republic World.
Setting up of the digital university, launching of National Tele Mental Health program, 80 lakh affordable houses under PM Awas Yojna in 2022-23, 75 digital banks in 75 districts, e-passport with an embedded chip, tax incentives for startups, 30% tax on virtual digital assets were among the key highlights of the budget.
Obviously, countrymen had a lot of expectations from this year’s budget and not everyone can be satisfied. Hence, people took to social media to roast this year’s budget via jokes and memes.
Middle Class watching the Budget only for Income Tax Slab announcement. pic.twitter.com/kWNZvSwWAH
— Trendulkar (@Trendulkar) February 1, 2022
— Nimittt (@sarcasticnimitt) February 1, 2022
— Sagar (@sagarcasm) February 1, 2022
— Dr. Maninee 💜 (@maninee_writes) February 1, 2022
Nothing change in tax slab
Salaried class – pic.twitter.com/I6oioTvVpr
— dr_sarcasticboy (@dr_sarcasticboy) February 1, 2022
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— Garv 🚜 (ਗਰਵਿਤ) (@imgarvmalik) February 1, 2022
— ڈاکٹر خطرہ Dr khatra🤓😉 (@dumbitpatra12) February 1, 2022
30% Tax on Crypto Profits….
— Kartik Anand (@kartik_203) February 1, 2022
— Amit Jr Mushahary ☠️👽 (@Jr_Mushahary) February 1, 2022
— Finance Memes (@Qid_Memez) January 30, 2022
Government has imposed 30% tax on crypto
— 𝙰𝚔𝚍𝚊𝚜 𝙷𝚊𝚢𝚊𝚝 (@Akdas_Hayat) February 1, 2022
— Diksha Jindal (@idj_1512) February 1, 2022
— Diaa (@JoshiDiya_) February 1, 2022
Middle-class people seem a little unhappy with the budget. What are your opinions on it?