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The Tax PublishersFinance Bill, 2023--General
Prints Lost in the Pages : Part-2
Srivatsan Ranganathan
Some fine prints of the Finance bill, 2023 that got lost in the pages are dealt herein by the author. This is the concluding part - 2 of the compilation.
Further some more fine prints of the Finance bill 2023 are discussed hereunder.
(a) Income from online gaming/betting apps like Dream11 etc. gets a new taxing Section 115BBJ with a tax of 30% and this section is exclusively kept outside the scope of 115BB i.e. the section which taxes lotteries, crossword puzzles, horse racing etc.
(b) A new genre of income tax authority 'Joint Commissioner Appeals' is being added to expedite appeals especially smaller appeals as per the budget documents.
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