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<h1>Finance Act 2013: Key Tax Amendments, New Deductions, Section 32AC Incentives, and Commodities Transaction Tax Introduced.</h1> The Finance Act, 2013 introduces various amendments to the Income-tax Act, 1961, and other related laws. Key changes include adjustments in tax rates, introduction of new tax deductions, and amendments to definitions such as 'capital asset' and 'keyman insurance policy.' The Act also introduces new sections like 32AC for incentives on new machinery acquisition and 43CA for property transfer taxation. It modifies the tax treatment of dividends, interest, and mutual fund distributions, and introduces the Commodities Transaction Tax. Additionally, the Act addresses procedural aspects like Tax Residency Certificates and General Anti-Avoidance Rules, with several provisions effective from April 2014.