CBDT has vide circular no. 23/2022, Dt. 03.11.2022 issued a 94 pages circular containing explanatory notes in relation to the provisions in which amendment was made by Finance Act, 2022 or provisions which were introduced by Finance Act, 2022.
One could say this is kind of a memorandum as is issued along with Finance Bill, 2022 and this includes all the section which were amended or added, some basic explanation as to why they were brought along with date of applicability of such provisions which is very important.
This explanatory note is also very important as in recent times there have been many amendments in the Finance Bill which was presented in the Parliament and the Finance Act, which was passed by the parliament and hence the memorandum issued by CBDT at the time of Finance Bill, is not very useful when the Finance Act, if passed.
Thus, if anyone has any confusion in relation to applicability of any provision which was amended in Finance Act, 2022 or inserted in Finance Act, 2022 he or she can read this explanatory notes.
To read the notes CLICK ME.