Union Budget 2012-13: Higher Income Tax Exemption, New Equity Savings Deduction, Anti-Evasion Measures, and Streamlined Administration.

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....The Union Budget 2012-13 introduced several key changes, including a higher income tax exemption limit and a new equity savings deduction to encourage investments. It also implemented anti-evasion measures to enhance tax compliance and proposed streamlined administrative processes to improve efficiency in tax collection and management.....