Tax Incentives

Tax Incentives

  • Direct Tax
    1. 1. Units in IFSC:
    • 100% tax exemption for 10 consecutive years out of 15 years
    • MAT / AMT @ 9% of book profits applies to Company / others setup as a unit in IFSC. MAT not applicable to companies in IFSC opting for new tax regime
    • From 01 April 2020, dividend income distributed by Company in IFSC to be taxed in the hands of the shareholder
    • Dividend received by non-residents from an IFSC unit taxable at a concessional rate of 10% plus applicable surcharge and cess
    • Surcharge and health and education cess not applicable on certain incomes earned by specified funds in the IFSC
    1. 2. Investors:
    • Interest income paid to non- residents on monies lent to IFSC units not taxable
    • Interest on Long Term Bonds and Rupee Denominated Bonds listed only on a recognized stock exchange in IFSC: (1) Issuance before 01 July 2023 - Taxable at a lower rate of 4% (2) Issuance on or after 01 July 2023 - Taxable at a rate of 9%
    • Transfer of specified securities listed on IFSC exchanges by a non-resident or Category III AIF located in IFSC not treated as transfer - Gains accruing not chargeable to tax in India - Specified securities include Bond, GDR, Foreign currency denominated bond, Rupee- denominated bond of an Indian company, Derivatives, Unit of a Mutual Fund, Unit of a business trust, Unit of Alternative Investment Fund and Foreign currency denominated equity share of a company
    • Income of a non-resident on transfer of non-deliverable forward contracts or offshore derivative instruments or over-the-counter derivatives or distribution of income on offshore derivative instruments entered with an Offshore Banking Unit of an IFSC exempt from tax.
    • Income received by a non-resident from a portfolio of securities or financial products or funds, managed or administered by any portfolio manager on behalf of such non-resident, in an account maintained with an Offshore Banking Unit of an IFSC, to the extent such income accrues or arises outside India is exempt from tax and is not deemed to accrue or arise in India.

Available Properties in Gift City

1

SEZ Area
  • Commercial Property
  • Residential Property

2

DTA Area
  • Commercial Property
  • Residential Property

SEZ commercial properties are only available to people who are end users. They are not available for someone to buy and give it on rent or buy and invest it for appreciation.

Rest all three segments of society, and other investments are available to buyers who want to invest for property, precision, or for the purpose of buying and giving it on rent.