The Centre on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha, presenting a wide-ranging package of tax reforms aimed at attracting investment, strengthening domestic manufacturing, improving tax certainty and replacing the Income-tax (Amendment) Ordinance, 2026. The proposed legislation seeks amendments to the Income-tax Act, 2025, the Finance Act, 2026, and the Payment and Settlement Systems Act, 2007.
