The Income-tax (Amendment) Ordinance 2026 (Ordinance No. 2 of 2026) was promulgated on 5 June 2026, amending Schedule IV of the Income-tax Act 2025 to insert new entries 13D and 13E. Foreign Institutional Investors (FIIs) are now exempt from tax on interest income and capital gains from government securities. The Bank for International Settlements (BIS) gets a similar exemption. The Ordinance is retrospectively effective from 1 April 2026. Domestic investors are unaffected — exemption is only for FIIs and BIS.
Visit TaxFinGyaan.com to use this free tool — no login required, all calculations are private and instant.