India Lower House Considers 2026 Finance Bill

The Indian lower house of Parliament (Lok Sabha) Feb. 1 accepted for consideration Bill No. 3/2026, the 2026 Finance Bill. The bill includes measures to: 1) increase, to 0.05 percent, from 0.02 percent, the securities transaction tax on equity futures; 2) apply a 15 percent safe harbor rate for resident entities providing data center services to related nonresident entities; 3) retain the previous tax rates for direct and indirect taxes; 4) reduce tax collected at the source (TCS) to 2 percent, from 5 percent on remittances for education or medical treatment under the Reserve Bank of India’s special regime; 5) ...