The Centre on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha, proposing a series of tax changes aimed at boosting foreign investment, extending incentives for electronics manufacturing, providing greater tax certainty and replacing the Income-tax (Amendment) Ordinance, 2026.
The Bill seeks to amend the Income-tax Act, 2025, the Finance Act, 2026 and the Payment and Settlement Systems Act, 2007.