Here are the biggest announcements for taxpayers ... ... Budget 2022 Live Updates: Modi hails Nirmala Sitharaman for a people-friendly and progressive Budget

Here are the biggest announcements for taxpayers

-Govt to provide one-time window to correct omissions in ITRs filed, updated returns to be filed within 2 years

-Govt to extend period of incorporation by 1 year up to March 31, 2023 for startups to avail tax incentives

-Govt proposes to increase tax deduction from 10% to 14% on contribution in NPS by state govts to employees

-305 tax on income from transfer of virtual digital assets; no deduction on expenses except cost of acquisition, loss cannot be set off