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<h1>Finance Bill 2012: Amendments to Income-tax Act include deductions, fair market value rules, and anti-avoidance measures.</h1> The Finance Bill, 2012 proposes several amendments to the Income-tax Act, empowering the Board and Central Government to make rules and notifications for various provisions. Key amendments include deductions for agricultural and skill development projects, fair market value determination, and relief under international agreements requiring residency certificates. New sections address advanced pricing agreements, anti-avoidance rules, and special provisions for tax payments. Amendments also involve service tax provisions, fiscal policy statements, and fiscal management principles. The Bill emphasizes delegating legislative power for procedural and detailed matters, allowing flexibility in implementation.