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The Hindu·4 min read·hard

Amendment to Taxation Act, Payment and Settlement Systems Act get President’s assent

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Amendment to Taxation Act, Payment and Settlement Systems Act get President’s assent
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President Droupadi Murmu has signed two new acts into law: the Taxation and Other Laws (Amendment) Act, 2026, and an amendment to the Payment and Settlement Systems Act, 2007. These changes aim to attract foreign investment and provide a legal framework for managing MDR charges on digital payments.

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President Droupadi Murmu has given her assent to the Taxation and Other Laws (Amendment) Act, 2026, and another law to amend the Payment and Settlement Systems Act of 2007.

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