Quick Summary
Explanatory Notes to provisions of the Finance Act, 2022 1. Introduction 1.1 The Finance Act, 2022 (hereafter referred to as FA 2022) as passed by the Parliament, received the assent of the President on 30lh March, 2022 and has been enacted as Act No.6 of 2022. 1.2 This circular explains th
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CBDT has released Explanatory Notes to the provisions of the Finance Act 2022, focusing on direct taxes.
The Finance Act 2022 received the President's assent on 30th March 2022 and became Act No. 6 of 2022.
The notes explain the substance of the provisions of the Finance Act 2022 relating to direct taxes.
The Finance Act 2022 has specified income tax rates for assessment year 2022-23 and amended sections of the Income-tax Act, 1961.
The rates specified for assessment year 2022-23 are the same as those used for advance tax and TDS from salaries during the financial year 2021-22.
CAclubindia
