# Lok Sabha passes tax Bill without discussion, easing rules for foreign capital 2026-08-06T21:58:20+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, without discussion on Thursday, The Hindu BusinessLine reports. It amends the Payment and Settlement Systems Act, 2007, the Income Tax Act, 2025, and the Finance Act, 2026. The Bill also repeals a June ordinance granting tax relief to foreign investors. The measures extend a tax exemption for foreign companies supplying equipment to Indian electronics factories until 2040-41. They ease approval rules for foreign cloud companies using Indian data centres, permit leased facilities, and reduce conditions for eligible investment funds managed from India from 13 to five. The Bill does not impose Merchant Discount Rate charges on UPI now, but removes the statutory restriction, allowing future government action. ## Coverage - thehindubusinessline.com - thehindu.com Tags: data centres, foreign investment, Lok Sabha, Taxation Bill, UPI Canonical: https://indianopinion.org/lok-sabha-passes-tax-bill-without-discussion/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/lok-sabha-passes-tax-bill-without-discussion/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.