<h1>Taxation Laws Amendment Bill 2016: Redefines Demerger, Alters Apparel Employee Tax Deductions, Raises Marble, Granite Customs Duty.</h1> The Taxation Laws (Amendment) Bill, 2016, proposes changes to the Income-tax Act, 1961, and the Customs Tariff Act, 1975. It aims to redefine 'demerger' to include the splitting or reconstruction of former public sector companies following a government share transfer. The bill also seeks to amend Section 80JJAA, reducing the required employment period for apparel manufacturing employees from 240 to 150 days for tax deductions. Additionally, it proposes increasing the customs duty on marble and granite blocks/slabs from 10% to 40% to allow more flexibility in tariff rates.