Budget 2022 has not introduced any significant amendments pertaining to personal income tax. However, it has sought to provide some relief to High Net-worth Individuals (“HNI”) and Ultra High Net-worth Individuals (“UHNIs”) by capping the surcharge for individuals on long term capital gains.
By Partner Kunal S Savani and Senior Associate Bipluv Jhingan.
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For further information, please contact:
Kunal Savani, Partner, Cyril Amarchand Mangaldas
kunal.savani@cyrilshroff.com
