New Delhi, Aug. 4 -- The government on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha, proposing tax and regulatory reforms aimed at attracting foreign capital, strengthening India's manufacturing ecosystem and improving ease of doing business.

The Bill seeks to amend the Payment and Settlement Systems Act, 2007, the Income Tax Act, 2025, and the Finance Act, 2026.

The Bill proposes to simplify the rules governing offshore investment funds managed from India by retaining only essential safeguards against misuse and round-tripping. The move aims to encourage global fund managers to relocate to India without risking their overseas funds being treated as having a taxable presence in the country.

Th...