<h1>Finance Bill 2018: Amendments to Income-tax Act Impact Capital Gains, Non-Resident Tax, and PPF Protections.</h1> The Finance Bill, 2018, introduced in the Lok Sabha, proposes several amendments to the Income-tax Act. Key changes include modifications to sections 43, 48, and 55, affecting the treatment of capital assets and gains, particularly equity shares and units of equity-oriented funds. The amendments redefine significant economic presence in India, impacting non-residents' tax obligations. Provisions are also introduced to protect deposits in the Public Provident Fund from attachment under court orders. Additionally, the bill revises guidelines for valuing securities held by banks and financial institutions, aligning with Reserve Bank of India standards.