The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, which proposes a slew of tax concessions aimed to attract foreign investment, support domestic manufacturing, and make India a more predictable place for global capital. The Bill, which amends the Income Tax Act, 2025, offers extended tax holidays for contract manufacturers and warehouses of electronic goods. It also eases conditions for foreign companies to operate data centres from India, and for India-domiciled foreign funds to avail tax exemption on their global income.