New Delhi, Aug. 6 -- The Lok Sabha on Thursday passed the 'Taxation and Other Laws (Amendment) Bill, 2026 ', which seeks to amend the Payment and Settlement Systems Act, 2007, Income-tax Act, 2025, and Finance Act, 2026.

The Bill, moved by Finance Minister Nirmala Sitharaman for passing, was approved by voice vote without discussion amid protests by opposition members over their demands related to police action against protestors on July 20.

It proposes a series of tax changes aimed at boosting investment, supporting manufacturing, providing tax certainty and will replace the Income-tax (Amendment) Ordinance, 2026.

The bill was brought against the backdrop of evolving geopolitical developments and disruptions in global trade and supply...