Finance Bill 2023: From angel tax to new debt MF rules, know what all changes from April 1

Finance Bill 2023 was passed by the Lok Sabha with 64 amendments on Friday. The Bill includes the amendments that seek the withdrawal of long-term tax benefits on certain categories of debt mutual funds and other tax proposals for FY 2023-24. The Finance Bill was passed in Lok Sabha without discussion.

After the passing of the Finance Bill by the Parliament several changes on taxation comes into effect from April 1, which can impact both individuals and businesses.

Here is the list of key changes that will affect your personal finances from the beginning of the next financial year, FY 2023-24.