April 6, 2022
Indian Fiscal Budget 2022 includes key tax proposals for individuals
The Finance Minister of India presented the Finance Bill for the tax year 2022-23 in the Indian Parliament on February 1. The bill (now Finance Act) has been passed by Parliament with a number of amendments and received assent by the President of India. These amendments are intended to address certain ambiguities arising from proposals contained in the bill. These changes apply for the Indian tax year 2022-23 (April 1, 2022 — March 31, 2023), unless specifically provided otherwise.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert