On 1st February 2023, the Hon’ble Finance Minister, Nirmala Sitharaman, presented Union Budget 2023 in the Lok Sabha. Hon’ble Finance Minister’s impetus on the Green Growth and Infrastructure Capex in this fiscal year’s Budget is laudable. She also remarked that in order to strengthen the “ease of doing business” in India, more than 39,000 compliances are reduced. She introduced certain rationalisation measures which were long overdue under the Direct Tax Law but ironically also increased few compliances under the TDS / TCS provisions. We have attached our insights / analysis on the key direct tax amendments proposed in the Finance Bill, 2023. Click here to view the budget analysis