The Finance Bill 2022 was introduced in the Lok Sabha on 1st February 2022. On 24th March 2022, the Finance Minister, Nirmala Sitharaman, proposed about 39 changes to be made in the Bill and the same was passed by the Lok Sabha on March 25, 2022 incorporating such proposed amendments. The Finance Act 2022 was passed after receiving President’s assent on 30th March, 2022.

 

In this Newsflash, we have provided a brief overview on these key amendments made in the Finance Act 2022 vis-à-vis Finance Bill presented on 1 February 2022.