Taxation and Other Laws Amendment Bill passed
11 Aug, 2026

Taxation and Other Laws Amendment Bill passed

Unit 5 — Mathematical Reasoning and Aptitude Unit 10 — Higher Education System

What Happened?

The Bill amends the Income-tax Act 2025, Finance Act 2026 and Payment and Settlement Systems Act 2007. It exempts specified FII and BIS income from government securities, provides specified foreign-company exemptions and changes the surcharge for special-purpose vehicles of business trusts.

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