Perspectives on regulation, markets, compliance and GIFT IFSC
CBDT Grants TDS Exemption on Key Payments to Eligible IFSC Units
OVERVIEW The Central Board of Direct Taxes (CBDT) has introduced major tax compliance relief by exempting specified payments made to eligible International Financial Services Centre (IFSC) units from Tax Deducted at…
Read insight →Unlocking gift IFSC,s POTENTIAL: ANTICIPATIONS FROM BUDGET 2025
Transforming Financial Services in IFSC OVERVIEW Stakeholders are hopeful for reforms to boost GIFT City IFSC's global appeal: Tax Parity for resident investors aligning with global hubs. Non-Resident Inclusion in…
Read insight →Goodbye Tax Deductions: Simplified IFSC Seller Transactions
Transforming Financial Services in IFSC OVERVIEW No Tax Deduction for Buyers: Buyer no longer need to deduct tax on payments to sellers in the International Financial Services Centres (IFSC). Seller’s Declaration:…
Read insight →Key Highlights of Budget 2024 for IFSC GIFT City
OVERVIEW: The Indian Budget presented on 23 July 2024 has brought forth a series of significant tax announcement aimed at bolstering the status of GIFT City as a premier global financial hub. These announcements…
Read insight →GIFT City Tax Benefits Extended by Interim Budget 2024
GIFT City Tax Benefits Extended by Interim Budget 2024 The one-year extension will increase registrations at the GIFT City IFSC INTERIM BUDGET 2024 - KEY HIGHLIGHTS: India’s Interim Budget, 2024 delivered by the Finance
Read insight →