The Finance Bill, 2023, gives effect to the financial proposals of the central government for the financial year 2023-24.
Here are the key points in the bill:
Angel tax from April 1, 2023 (FY24)
The Income Tax (I-T) department seeks to tax any premium above fair value. So, valuations will need to be justified now. Draft rules in this regard are expected shortly.
Marginal relief to individuals opting for the new tax regime
This story is from the March 26, 2023 edition of The Business Guardian.
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This story is from the March 26, 2023 edition of The Business Guardian.
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