<h1>Finance Bill 2010: Tax Deductions for New Hospitals, Slum Redevelopment, and LLP Conversions Announced for Economic Relief.</h1> The Finance Minister announced several direct tax relaxations in the Finance Bill, 2010, focusing on individual taxpayer relief, research and development, recession impact relief, and compliance cost reduction. Proposed measures include allowing 100% tax deductions for new hospitals with at least 100 beds anywhere in India and investment-linked deductions for slum redevelopment projects. Additionally, tax neutrality is proposed for company conversions into Limited Liability Partnerships, exempting shareholders from taxation on share transfers during such conversions. These steps aim to boost healthcare infrastructure and support slum-free initiatives while easing business transitions.