https://www.taxtmi.com/news?id=26156 The Finance Bill, 2023 prescribes income tax rates and surcharge bands for the 2023-24 assessment year, adds a four per cent Health and Education Cess, and sets special computation rules for agricultural income and cases governed by specified chapters. It effects extensive amendments across the Income tax Act-definitional changes, new deductions for the Agniveer Corpus Fund, tax and withholding regimes for online gaming and IFSC transactions, insertion of a concessional tax option for certain co operative manufacturers, and procedural reforms expanding Joint Commissioner (Appeals) roles, audit and inventory valuation powers, and time limit adjustments-while also revising customs, GST and miscellaneous statutes with associated rule making powers. en-us Wed, 01 Feb 2023 12:43:56 +0530 Wed, 11 Feb 2026 15:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26156 The Finance Bill, 2023 prescribes income tax rates and surcharge bands for the 2023-24 assessment year, adds a four per cent Health and Education Cess, and sets special computation rules for agricultural income and cases governed by specified chapters. It effects extensive amendments across the Income tax Act-definitional changes, new deductions for the Agniveer Corpus Fund, tax and withholding regimes for online gaming and IFSC transactions, insertion of a concessional tax option for certain co operative manufacturers, and procedural reforms expanding Joint Commissioner (Appeals) roles, audit and inventory valuation powers, and time limit adjustments-while also revising customs, GST and miscellaneous statutes with associated rule making powers. News - Wed, 01 Feb 2023 12:43:56 +0530 https://www.taxtmi.com/news?id=26156