<h1>Taxation Laws (Amendment) Bill, 2019: Lower Corporate Tax Rates to Boost Growth and Attract Investment.</h1> The Taxation Laws (Amendment) Bill, 2019, introduced in the Lok Sabha, seeks to amend existing tax laws to provide relief to companies. The bill proposes a reduction in corporate tax rates for domestic companies, aiming to boost economic growth and investment. It includes provisions for new manufacturing companies, offering them a lower tax rate if they commence production by a specified date. The amendments are designed to enhance competitiveness and attract foreign investment by aligning tax rates with global standards. The bill reflects the government's commitment to reforming the tax structure to stimulate the economy.