India, Aug. 6 -- India has introduced major electronics tax reforms via the Taxation and Other Laws (Amendment) Bill, 2026 in Parliament, extending tax breaks for foreign suppliers of machinery and tools to local contract manufacturers by 10 years until March 31, 2041, to benefit giants like Apple and Google.

Key tax overhauls for electronics

Extended Windows: Pushes the sunset date for foreign capital goods/tooling tax exemptions from 2030-31 out to 2040-41.

Expanded Definition: Adds laptops, servers, tablets, wearables, hearables, and sub-assemblies to specified eligible goods.

Warehousing Relief: Proposes long-term tax exemptions for component warehousing by foreign suppliers to anchor deep supply chains locally.

Supporting infras...