<h1>Finance Bill 2013: Income Tax Act Amendments, Commodity Derivatives, Tax Rates Adjustments, and Service Tax Exemptions for Railways.</h1> The Finance Bill 2013 introduced several amendments in the Lok Sabha, focusing on the Income-tax Act. Key changes include substituting references from the Foreign Exchange Regulation Act, 1973 to the Foreign Exchange Management Act, 1999, and expanding the scope of taxable transactions involving crude oil and other goods. Amendments to Section 43 address commodity derivatives trading, while changes to Sections 115A and 115AD adjust tax rates on royalties, technical services, and interest income. Other amendments involve procedural modifications in tax assessment timelines and provisions for foreign investors. Additionally, service tax exemptions for Indian Railways for a specified period were declared.