CBDT has issued detailed explanatory notes to the provisions of the Finance Act 2022 on 3rd November 2022 bearing circular no 23/2022.
With this circular CBDT has explained Amendments in Income Tax FY 2022-23, the substance of the provisions related to the Finance Act 2022 with respect to Direct Tax. This circular has compiled all the amendments made to FA 2022 and explanations related to these amendments.
The readers can get a better understanding of all the modifications and amendments to the Finance Act 2022. These amendments are applicable to Financial Year 2022-23 or Assessment Year 2023-24.