Decoding the amendments proposed under the Taxation and Other Laws (Amendment) Act, 2026

The recently enacted Taxation and Other Laws (Amendment) Act, 2026 (‘Act’) has introduced several significant amendments to the Income-tax Act, 2025 read with the Finance Act, 2026. While the amendments originally stemmed from the Income-tax (Amendment) Ordinance, 2026, which was largely confined to providing exemptions to Foreign Institutional Investors (FIIs) and the Bank for International Settlements (BIS) in respect of investments in Government securities, the Act significantly expands the scope of the proposed reforms.

The Act seeks to strengthen India's position as a preferred destination for electronics manufacturing, data centres, fund management activities and international trade by introducing new exemptions, extending existing tax incentives, and rationalising several conditions currently applicable to foreign investors and businesses.

The webinar will discuss the key amendments introduced under the Act and their implications for taxpayers, multinational groups, foreign investors and investment funds.

The webinar will, inter alia, cover:

• An overview of the key amendments introduced under the Act, including those relating to:

  1. Exemptions for foreign companies in the electronics manufacturing and contract manufacturing sectors.

  2. Relaxations proposed for foreign companies procuring data centre services from India.

  3. New exemptions relating to investments in Government securities and sale of rough diamonds.

  4. Rationalisation of conditions applicable to eligible investment funds and fund managers.

  5. Amendments impacting business trusts and SPVs.

• Practical implications and key takeaways for taxpayers.

• Interactive Q&A session.

Speakers -

• S. Sriram, Executive Partner

• Prachi Bhardwaj, Associate Director

• Loveena Manaktala, Principal Associate