The passage of the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha has triggered a nationwide debate over the future of Unified Payments Interface (UPI) transactions. The discussion centres on whether the government can now allow banks and payment service providers to levy charges on UPI payments through a revised legal framework.
टैग: Taxation Bill 2026
Taxation and Other Laws (Amendment) Bill 2026 to Be Introduced in Lok Sabha as Parliament Takes Up Key Financial Agenda
Union Finance Minister Nirmala Sitharaman is set to introduce the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha on Tuesday as Parliament takes up an important list of financial and legislative business during the ongoing session. According to the revised List of Business issued by the House, the proposed legislation aims to amend several key laws governing taxation and financial systems in the country.