Taxation and Other Laws Amendment Bill 2026 Quick Summary
- Bill Name: Taxation and Other Laws (Amendment) Bill, 2026
- Nodal Ministry: Ministry of Finance, Govt of India
- Passing Dates: Lok Sabha (Aug 6, 2026) | Rajya Sabha (Aug 10, 2026)
Introduction & Key Legislative Timeline
- Ministry: Ministry of Finance
- Passed Dates: Lok Sabha (Aug 6, 2026), Rajya Sabha (Aug 10, 2026)
G-Sec Foreign Investment & Diamond Industry Tax Exemption
- G-Sec Investment: Exemption on interest and capital gains for FIIs & BIS from April 1, 2026.
- Diamond Trade Relief: Tax exemption on rough diamond sales in SNZs from Oct 1, 2026 to Mar 31, 2041.
Electronics Manufacturing & Offshore Fund Regulation
- Electronics Relief Extended: Extended to 2040-41.
- 4 Offshore Fund Rules Removed: Removed 25 members rule, 10% investor cap, ₹100 Cr corpus rule, and 25% single entity limit.
REIT, InvIT & Data Center Sector Reforms
- REIT/InvIT SPV Surcharge: Raised from 10% to 25%.
- Data Centers: Relief extended to leased data center infrastructure operated by Indian firms.
Fast Revision Summary for MPPSC & UPSC Exams
- SPV Surcharge: 10% to 25%
Practice Questions
1Which Ministry is primarily associated with the Taxation and Other Laws (Amendment) Bill, 2026?
2Which of the following Acts is NOT amended by the Taxation and Other Laws (Amendment) Bill, 2026?
3According to the bill, from which date will the tax exemption on foreign investment in Government Securities (G-Secs) be applicable?
4What is the tenure set for tax exemption granted to foreign entities on rough diamond sales in Notified Special Zones?
5Until which year has the tax relief deadline for supply of capital goods and tooling for electronics manufacturing been extended?
6What is the revised surcharge rate for Special Purpose Vehicles (SPVs) of Business Trusts (REITs & InvITs)?
7Which of the following statements is TRUE regarding the relaxed criteria for eligible offshore investment funds managed from India?
8On which date was the Taxation and Other Laws (Amendment) Bill, 2026 passed by the Rajya Sabha?
Frequently Asked Questions
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