New Delhi: Union finance minister Nirmala Sitharaman introduced the Taxation and Other Laws Amendment Bill, 2026. The move is aimed at making India a predictable destination for global capital, strengthen domestic manufacturing and enhance ease of compliance. The bill seeks to amend three laws: the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026. The bill also seeks to replace the Income-tax (Amendment) Ordinance, 2026, according to reports. Tax rules are being simplified so that foreign investment funds are not taxed merely for making India as their base, an official told HT.