26 July 2023
Dear Experts. I read Notification No. 31/2023/F. No. 200/3/2023-ITA-I issued by the Ministry of Finance on enhanced the exemption limit on leave encashment. There is an explanatory memorandum which is " It is hereby certified that no person is being adversely affected by giving retrospective effect to this notification". Is this sentence giving retrospective effect to all past tax payers to claim exemption?