business ๐ CBDT drops FAQs on new tax bill for 2026
The CBDT has released a comprehensive FAQ document to clarify the Taxation and Other Laws (Amendment) Bill, 2026. This move was made by the Central Board of Direct Taxes to enhance taxpayer understanding of the changes introduced in the Lok Sabha today. Key amendments include extending tax exemptions for electronics manufacturers until Tax Year 2040-41 and simplifying data centre rules. Furthermore, new exemptions are proposed for foreign diamond mining companies until March 31, 2041, and dividend tax relief is being extended. These changes aim to boost manufacturing and attract more foreign investment into India. ๐ฐ