The Income Tax Amendment Ordinance 2026

REGISTERED NO. DL-(N)04/0007/2003—26 The Gazette of India CG-DL-E-05062026-273164 EXTRAORDINARY PART II - Section 1 PUBLISHED BY AUTHORITY No. 21] NEW DELHI, FRIDAY, JUNE 5, 2026/JYAISHTHA 15, 1948 (Saka) Separate paging is given to this Part in order that it may be filed as a separate compilation. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi the 5th June, 2026/Jyaishtha 15, 1948 (Saka) THE INCOME-TAX (AMENDMENT) ORDINANCE, 2026 NO 2 OF 2026 Promulgated by the President in the Seventy-seventh year of the Republic of India. An Ordinance further to amend the Income-tax Act, 2025. WHEREAS, Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for her to take immediate action; NOW, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance: Short title and commencement. 1. (1) This Ordinance may be called the Income-tax (Amendment) Ordinance, 2026. (2) It shall be deemed to have come into force on the 1st day of April, 2026. Amendment of Act 30 of 2025. 2. In the Income-tax Act, 2025, in Schedule IV, — (a) in the Table, after serial number 13C and entries relating thereto, the following shall be inserted, namely: — +-----+-----------------------------------------------------------------+-----------------------------------+-----------------------------------------------------------------+ | A | B | C | D | +=====+=================================================================+===================================+=================================================================+ | 13D.| Any interest on Government security, and any capital gains | A Foreign Institutional Investor. | Such exemption shall be subject to furnishing of information | | | arising from the sale, exchange or transfer of such Government | | in such form and manner, as may be prescribed. | | | security. | | | +-----+-----------------------------------------------------------------+-----------------------------------+-----------------------------------------------------------------+ | 13E.| Any interest on Government security, and any capital gains | Bank for International | Such exemption shall be subject to furnishing of information | | | arising from the sale, exchange or transfer of such Government | Settlements. | in such form and manner, as may be prescribed."; | | | security. | | | +-----+-----------------------------------------------------------------+-----------------------------------+-----------------------------------------------------------------+ (b) after Note 3 below the Table, the following Note shall be inserted, namely: — 'Note 4: For the purposes of Sl. Nos. 13D and 13E, — (a) "Bank for International Settlements” means the Bank for International Settlements established at the Hague Conference in 1930 and headquartered at Basel, Switzerland; 38 of 2006. (b) "Foreign Institutional Investor” shall have the meaning assigned to it in section 210(6)(a); (c) “Government security” shall have the same meaning as assigned to it in section 2(f) of the Government Securities Act, 2006.'. DROUPADI MURMU, President. DR. RAJIV MANI, Secretary to the Govt. of India. UPLOADED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI-110002 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054. MGIPMRND-284GI-05-06-2026.