Budget 2023 applicability
Is this budget applicable for the income tax returns for this Assessment year? i.e. 7 lakh limit is applicable for the return filing on or before 31st july 2023?
Replies (4)
Quick Summary
No. This budget is applicable for returns to be filed next year.
No...it's applicable for FY 2023-24
Same is applicable from 01 april 2023 and assessment year applicable is 2024-25
Every year budget is placed before both houses of parliament. It is recorded and approved.
Financial year 2023 -24 , assessment year 24 -25.
Financial year 2023 -24 , assessment year 24 -25.
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