<h1>Finance Bill 2013: No Wealth Tax on Agri Land, New Tax on Property Transfers, Adjusted Import Duties for Cashew.</h1> The Finance Bill, 2013 was passed by the Loksabha, incorporating several amendments after consultations with various stakeholders. Key amendments include clarifying that wealth tax is not imposed on agricultural land, addressing concerns from certain court judgments. The Bill introduces a 5% tax rate on interest payments to foreign investors in government securities and corporate bonds, and removes exclusions that allowed misuse in cash sales of bullion or jewelry. It also proposes a 1% tax on transfers of immovable property, excluding agricultural land, and adjusts import duties on cashew kernels to protect domestic industry. Additionally, service tax for the Railways is exempted for a specified period.