New Delhi, Aug. 4 -- Union Finance Minister Nirmala Sitharaman is set to introduce the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha on Tuesday, according to the revised List of Business issued by the House.

The Bill seeks to further amend the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026. Sitharaman will move for leave to introduce the legislation and subsequently introduce the Bill in the House.

The Finance Minister will also lay on the Table an explanatory statement, in Hindi and English, outlining the reasons for immediate legislation through the promulgation of the Income-tax (Amendment) Ordinance, 2026 (No. 2 of 2026).

As part of the legislative business, Sitharam...