<h1>Finance Bill 2018: Lower Corporate Taxes for Small Enterprises, New Tax on Long-term Capital Gains, and More Tax Incentives.</h1> The Finance Bill, 2018 introduces amendments to the Income-tax Act, 1961, focusing on widening the tax base and reducing corporate tax rates for small enterprises. Key changes include revised income tax rates, surcharges, and cess for various entities. The Bill proposes a 10% tax on long-term capital gains from equity exceeding Rs. 1 lakh and introduces Health and Education Cess. It also aims to facilitate insolvency resolution and improve tax administration. Tax incentives are provided for startups, senior citizens, and farm producer companies. The Bill also proposes measures to prevent tax evasion and align domestic tax laws with international standards.