The Taxation and Other Laws (Amendment) Bill, 2026, amends provisions related to which of the following?
- AIncome Tax Act
- BPayment and Settlement Systems Act, 2007
- CCompanies Act, 2013
- DBanking Regulation Act, 1949
Correct Answer: B
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, providing a legal basis to determine MDR or other charges on certain digital payments in the future; however, charges have not been immediately imposed on all UPI transactions. In July 2026, UPI recorded 23.66 billion transactions with a total value of approximately ₹29.88 lakh crore, reflecting the growing expansion of digital payments in India.
This question is part of 9 August 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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