<h1>Finance Bill 2020 introduces revised tax rates, new optional regimes, e commerce TDS and strengthened reporting obligations.</h1> Finance Bill, 2020 revises income tax rates and surcharge structures, introduces optional tax regimes for individuals/HUFs and certain co operatives with specified exclusions, expands residence and source rules including significant economic presence for non residents, strengthens transfer pricing/safe harbour and anti avoidance measures, and broadens withholding, reporting and penalty regimes (notably new e commerce withholding and stricter documentary/audit timelines). It reforms non profit registration and reporting via new section 12AB, and enacts customs and GST amendments including rules of origin administration, a Health Cess on imports, electronic duty ledgers and retrospective tax clarifications.