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<h1>Finance Act 2000: Revised Tax Rates, New Deductions, and Incentives for R&D and Infrastructure Investments.</h1> The Finance Act, 2000, enacted as Act No. 10 of 2000, introduces significant amendments to the Income-tax Act, 1961, and other related acts. Key changes include revised tax rates and deductions, new sections for venture capital and infrastructure investments, and modifications to existing provisions to promote economic activities and streamline tax processes. The Act also addresses tax exemptions for charitable trusts, incentives for research and development, and tax holidays for specific industries and regions. Several amendments focus on rationalizing tax concessions, enhancing tax compliance, and providing relief to senior citizens and women. The amendments generally take effect from April 1, 2001, impacting the assessment year 2001-2002 and subsequent years.