<h1>Finance Bill 2019: Lower Corporate Taxes for Small Businesses, New Cess, and Anti-Abuse Measures to Boost Compliance.</h1> The Finance (No. 2) Bill, 2019 proposes amendments to the Income-tax Act, 1961 to enhance the effectiveness of tax administration, widen the tax base, and promote a less cash economy. Key proposals include reducing corporate tax rates for small enterprises, introducing tax incentives, and strengthening anti-abuse measures. The Bill also suggests changes in tax rates, such as surcharges on income tax for high-income individuals and companies, and the introduction of a Health and Education Cess. Additionally, it proposes measures to facilitate the resolution of distressed companies and improve the efficiency of tax administration. The Bill aims to ensure compliance and reduce tax evasion.