Budget reaction from Mr. A Ganesan, Group Vice Chairman, Neuberg Diagnostics

New Delhi, February 01, 2022: Reduction of sur-charge  to 12% on Long Term capital Gains is welcome step.

Unintentional errors in Income Tax can be corrected by filing updated return within 2 years from the end of Assessment year – This is a positive change.

Department to wait before filing an appeal in higher court in respect of disputes of similar nature with regard to interpretation of law , in case cases of similar nature are pending in Supreme court / other courts – This is also a very good step .

Significant increase in Capital expenditure allocation by almost 35% will probably spur economic growth and create jobs.

Extension of emergency credit guarantee scheme till 31/03/2023 is a step in the right direction .

National Digital Health Ecosystem , National Tele Mental Health Programme – Very god initiatives if implemented well .

Corporate Comm India (CCI Newswire)