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of <h1>Finance Bill 2015: Amendments to Income-tax Act Target Black Money, Tax Rates, and Boost Domestic Manufacturing Incentives.</h1> The Finance Bill, 2015 proposes amendments to the Income-tax Act and Finance Act, 2004, addressing direct taxes, including income tax rates, black money measures, and incentives for domestic manufacturing. Key changes include setting income tax rates for 2015-2016, introducing surcharges for high-income individuals and companies, and amending rules for tax deduction at source. The Bill also proposes measures to curb black money through stricter regulations on cash transactions and penalties for non-compliance. Additional provisions aim to promote domestic manufacturing, ease business operations, and provide tax benefits for individual taxpayers, including incentives for investments in specific sectors and regions.
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