The Finance Bill, 2022 (FB 2022 or Bill) was presented by the Hon’ble Finance Minister (FM) Nirmala Sitharaman on 1 February 2022. While moving the Bill for approval by the Lok Sabha on 25 March 2022, the FM introduced amendments to FB 2022 (Amended FB 2022). The amendments are generally intended to address certain ambiguities arising from the wordings of proposals as contained in the Bill.
This Alert covers direct tax related amendments.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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