<h1>Finance Bill 2015 Simplifies Tax Procedures: ITAT Limit Raised, Wealth Tax Replaced, Service Tax Increased to 14.</h1> The Union Finance Minister announced measures in the Finance Bill 2015 to enhance the ease of doing business by simplifying tax procedures. Key changes include increasing the monetary limit for cases heard by a single member bench of ITAT from Rs. 5 lakh to Rs. 15 lakh, rationalizing penalty provisions in indirect taxes, and allowing digital invoices for excise/service tax. Wealth tax is replaced with a 2% surcharge on incomes over Rs. 1 crore. Domestic transfer pricing threshold rises to Rs. 20 crore. Excise duties on certain goods are revised, and service tax increased to 14% to aid GST transition. Online tax registration processes are expedited.