The government will introduce the Income-tax (Amendment) Bill, 2026, in the Monsoon Session of Parliament beginning July 20 to replace the Income Tax (Amendment) Ordinance, 2026, according to the list of new bills to be tabled in the upcoming session. The proposed law is aimed at replacing the ordinance that exempted foreign investors from income tax on interest earnings and capital gains from investment in government securities. The ordinance was promulgated last month to attract foreign capital and ease pressure on the depreciating rupee amid the West Asia crisis.