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Revision as of 09:19, 5 December 2022

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* State subsidies such as 100 per cent reimbursement of stamp duty and registration fee, 100 per cent reimbursement of electricity duty and Rs. 1 subsidy on power tariff for five years, 100 per cent reimbursement of employer’s provident fund contribution, and lease rental subsidy for every 50 sq ft per employee
* State subsidies such as 100 per cent reimbursement of stamp duty and registration fee, 100 per cent reimbursement of electricity duty and Rs. 1 subsidy on power tariff for five years, 100 per cent reimbursement of employer’s provident fund contribution, and lease rental subsidy for every 50 sq ft per employee
* National/foreign exchanges set up under IFSC have total tax exemption from Security Transaction Tax (STT), Commodity Transaction Tax (CTT), Dividend Distribution Tax (DDT), Long Term Capital Gain (LTCG), Short Term Capital Gain (STCG).<ref name=":2" />
* National/foreign exchanges set up under IFSC have total tax exemption from Security Transaction Tax (STT), Commodity Transaction Tax (CTT), Dividend Distribution Tax (DDT), Long Term Capital Gain (LTCG), Short Term Capital Gain (STCG).<ref name=":2" />
=== Tax Incentives for IFSC Unit ===
{| class=wikitable
|+ Fiscal incentives
! Particulars
! Units in IFSC
! Investors
|-
! Income-tax
|
* 100% tax exemption for 10 consecutive years out of 15 years
* IFSC Unit has the flexibility to select any 10 years out of 15 years block
* 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
* Dividend paid to shareholders of company in IFSC
** From 01 April 2020, dividend income distributed by Company in IFSC to be taxed in the hands of the shareholder.
|
* Interest income paid to non-residents on:-
** Monies lent to IFSC units not taxable
** Long Term Bonds and Rupee Denominated Bonds listed on IFSC exchanges taxable at lower rate of 4%
* Transfer of specified securities* listed on IFSC exchanges by a non-resident not treated as transfer - Gains accruing thereon not chargeable to tax in India
<nowiki>*</nowiki>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
|-
! Goods and Services Tax (GST)
|
* No GST on services –
** received by unit in IFSC
** provided to IFSC / SEZ units, Offshore clients
* GST applicable on services provided to Domestic Tariff Area
| No GST on transactions carried out in IFSC exchanges
|-
! Other taxes duties
|State Subsidies – Lease rental, PF contribution, electricity charges
|Exemption from STT, CTT, stamp duty in respect of transactions carried out on IFSC exchanges
|}
=== Tax incentives available to SEZ Units other than IFSC units ===
=== Tax incentives available to SEZ Units other than IFSC units ===
* Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
* Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
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