Finance Act 2021 Provisions: Effective January 1, 2022

Key Provisions Commence: Government activates sections 108, 109, and 113 to 122 of the Finance Act 2021.

Operational Framework Initiated: The Finance Act 2021 outlines a structured framework, signaling a paradigm shift in financial regulations.

Enhanced Regulatory Measures: Sections coming into force empower authorities with advanced tools for fiscal governance.

Effective Date Declaration: The Central Government designates January 1, 2022, as the official commencement date for these crucial sections.

Legal and Fiscal Impact: New provisions likely to impact legal and fiscal landscapes, prompting adaptability from stakeholders.

Under Secretary's Directive: Rajeev Ranjan, Under Secretary to the Government of India, issues the directive effecting the Finance Act 2021 sections.

Government's Economic Agenda: Implementation aligns with the government's economic agenda, fostering financial stability and regulatory resilience.

This announcement underscores the government's commitment to reinforcing financial regulations, setting the tone for a robust fiscal year.