<h1>Finance (No. 2) Act 2019: New Tax Rates, Corporate Tax Changes, and Measures Against Evasion to Boost Revenue.</h1> The Finance (No. 2) Act, 2019, notified on August 1, 2019, introduces various amendments to the tax laws in the country. The Act aims to streamline tax administration, enhance compliance, and boost revenue collection. Key changes include modifications to income tax rates, adjustments in corporate tax structures, and new provisions for tax exemptions and deductions. The legislation also addresses measures to curb tax evasion and improve transparency in financial transactions. These reforms are part of the government's broader effort to stimulate economic growth and ensure a fair tax system.