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Companies can take advantage of these tax benefits to reduce their overall tax liability and increase profitability.
Companies can take advantage of these tax benefits to reduce their overall tax liability and increase profitability.
Here are 50 tax benefits offered by GIFT City:
Here are 50 tax benefits offered by GIFT City:
Corporate Income Tax Benefits


100% deduction of profits and gains for the first five consecutive years from the date of commencement of business.
'''Corporate Income Tax Benefits'''
50% deduction of profits and gains for the next five consecutive years from the end of the initial five-year period.
* 100% deduction of profits and gains for the first five consecutive years from the date of commencement of business.
No Minimum Alternative Tax (MAT) for the first ten years.
* 50% deduction of profits and gains for the next five consecutive years from the end of the initial five-year period.
No dividend distribution tax.
* No Minimum Alternative Tax (MAT) for the first ten years.
No tax on long-term capital gains.
* No dividend distribution tax.
No tax on securities transaction.
* No tax on long-term capital gains.
No tax on interest earned on deposits with banks and financial institutions.
* No tax on securities transaction.
No tax on income earned from offshore funds and investments.
* No tax on interest earned on deposits with banks and financial institutions.
No tax on income earned from an international financial services center (IFSC).
* No tax on income earned from offshore funds and investments.
Personal Income Tax Benefits
* No tax on income earned from an international financial services center (IFSC).


Employees of companies operating in GIFT City can enjoy a tax-free income up to INR 20 lakh per annum for the first five years from the date of employment.
'''Personal Income Tax Benefits'''
No tax on income earned from offshore funds and investments.
* Employees of companies operating in GIFT City can enjoy a tax-free income up to INR 20 lakh per annum for the first five years from the date of employment.
* No tax on income earned from offshore funds and investments.
No tax on income earned from an IFSC.
No tax on income earned from an IFSC.
Goods and Services Tax (GST) Benefits
Goods and Services Tax (GST) Benefits
* Exemption from GST on services provided to companies operating in GIFT City.
* Exemption from GST on the supply of goods and services from a unit in GIFT City to another unit in the same zone or to a unit located outside India.
* Exemption from Integrated Goods and Services Tax (IGST) on the supply of goods and services from a unit in GIFT City to a unit located outside India.


Exemption from GST on services provided to companies operating in GIFT City.
'''Customs Duty Benefits'''
Exemption from GST on the supply of goods and services from a unit in GIFT City to another unit in the same zone or to a unit located outside India.
*Exemption from customs duty on goods imported into GIFT City for business purposes.
Exemption from Integrated Goods and Services Tax (IGST) on the supply of goods and services from a unit in GIFT City to a unit located outside India.
*Exemption from customs duty on goods exported from GIFT City to foreign countries.
Customs Duty Benefits
*Exemption from Central Sales Tax (CST) and Value Added Tax (VAT) on the sale of goods within GIFT City.


Exemption from customs duty on goods imported into GIFT City for business purposes.
'''Stamp Duty and Registration Benefits'''
Exemption from customs duty on goods exported from GIFT City to foreign countries.
*Exemption from stamp duty and registration fees on documents executed in GIFT City.
Exemption from Central Sales Tax (CST) and Value Added Tax (VAT) on the sale of goods within GIFT City.
*Exemption from stamp duty and registration fees on the lease of land and buildings within GIFT City.
Stamp Duty and Registration Benefits


Exemption from stamp duty and registration fees on documents executed in GIFT City.
'''Property Tax Benefits'''
Exemption from stamp duty and registration fees on the lease of land and buildings within GIFT City.
*Exemption from property tax on land and buildings within GIFT City.
Property Tax Benefits


Exemption from property tax on land and buildings within GIFT City.
'''Infrastructure Tax Benefits'''
Infrastructure Tax Benefits
* Exemption from infrastructure development fees for the first five years from the date of commencement of business.
 
* Exemption from electricity duty for the first five years from the date of commencement of business.
Exemption from infrastructure development fees for the first five years from the date of commencement of business.
Exemption from electricity duty for the first five years from the date of commencement of business.
Exemption from entry tax on the import of machinery and equipment for the first five years from the date of commencement of business.
Exemption from entry tax on the import of machinery and equipment for the first five years from the date of commencement of business.
Exemption from octroi and local body tax on the import of goods for the first five years from the date of commencement of business.
* Exemption from octroi and local body tax on the import of goods for the first five years from the date of commencement of business.


Foreign Exchange Management Act (FEMA) Benefits
'''Foreign Exchange Management Act (FEMA) Benefits'''
* Simplified procedures for foreign exchange transactions for companies operating in GIFT City.
* Liberalized remittance scheme for individuals and companies operating in GIFT City.
* No restrictions on foreign investment in GIFT City.


Simplified procedures for foreign exchange transactions for companies operating in GIFT City.
'''Regulatory Benefits'''
Liberalized remittance scheme for individuals and companies operating in GIFT City.
* Single-window clearance for
No restrictions on foreign investment in GIFT City.
Regulatory Benefits


Single-window clearance for
'''Employment Tax Benefits'''
 
* Companies operating in GIFT City are eligible for reimbursement of up to 50% of the employer's contribution towards employee provident fund (EPF) and Employees' State Insurance (ESI) for a period of three years from the date of commencement of business.
Employment Tax Benefits
* Exemption from professional tax on employees working within GIFT City.
 
Companies operating in GIFT City are eligible for reimbursement of up to 50% of the employer's contribution towards employee provident fund (EPF) and Employees' State Insurance (ESI) for a period of three years from the date of commencement of business.
Exemption from professional tax on employees working within GIFT City.
Research and Development (R&D) Tax Benefits
Research and Development (R&D) Tax Benefits
* Companies engaged in R&Dactivities within GIFT City are eligible for a deduction of 150% of the expenses incurred towards R&D.
* Exemption from customs duty and IGST on the import of R&D equipment and materials.


Companies engaged in R&D activities within GIFT City are eligible for a deduction of 150% of the expenses incurred towards R&D.
'''Capital Gains Tax Benefits'''
Exemption from customs duty and IGST on the import of R&D equipment and materials.
* No tax on short-term capital gains from the sale of securities traded on a recognized stock exchange located within GIFT City.
* No tax on long-term capital gains from the sale of units of an equity-oriented fund, a business trust or a venture capital fund located within GIFT City.


Capital Gains Tax Benefits
'''Securities Transaction Tax (STT) Benefits'''
 
* No STT on the sale of securities traded on a recognized stock exchange located within GIFT City.
No tax on short-term capital gains from the sale of securities traded on a recognized stock exchange located within GIFT City.
No tax on long-term capital gains from the sale of units of an equity-oriented fund, a business trust or a venture capital fund located within GIFT City.
Securities Transaction Tax (STT) Benefits
 
No STT on the sale of securities traded on a recognized stock exchange located within GIFT City.
Transfer Pricing Benefits
Transfer Pricing Benefits
* Companies operating in GIFT City are exempt from transfer pricing provisions for transactions with associated enterprises located outside India.


Companies operating in GIFT City are exempt from transfer pricing provisions for transactions with associated enterprises located outside India.
'''Mutual Fund Tax Benefits'''
Mutual Fund Tax Benefits
* Exemption from securities transaction tax (STT) on the sale or purchase of units of a mutual fund located within GIFT City.


Exemption from securities transaction tax (STT) on the sale or purchase of units of a mutual fund located within GIFT City.
'''Real Estate Investment Trust (REIT) Tax Benefits'''
Real Estate Investment Trust (REIT) Tax Benefits
* No tax on dividend income received from units of a REIT located within GIFT City.
* No tax on long-term capital gains from the sale of units of a REIT located within GIFT City.


No tax on dividend income received from units of a REIT located within GIFT City.
'''Infrastructure Investment Trust (InvIT) Tax Benefits'''
No tax on long-term capital gains from the sale of units of a REIT located within GIFT City.
* No tax on dividend income received from units of an InvIT located within GIFT City.
Infrastructure Investment Trust (InvIT) Tax Benefits
* No tax on long-term capital gains from the sale of units of an InvIT located within GIFT City.
 
No tax on dividend income received from units of an InvIT located within GIFT City.
No tax on long-term capital gains from the sale of units of an InvIT located within GIFT City.
Startup Tax Benefits
Startup Tax Benefits
* Companies registered as startups with the Department for Promotion of Industry and Internal Trade (DPIIT) are eligible for additional tax benefits in GIFT City.


Companies registered as startups with the Department for Promotion of Industry and Internal Trade (DPIIT) are eligible for additional tax benefits in GIFT City.
'''Corporate Tax Benefits'''
 
* A corporate tax rate of 10% for companies operating within the International Financial Services Centre (IFSC) in GIFT City, compared to the regular rate of 25% for other Indian companies.
Corporate Tax Benefits
 
A corporate tax rate of 10% for companies operating within the International Financial Services Centre (IFSC) in GIFT City, compared to the regular rate of 25% for other Indian companies.
Minimum Alternate Tax (MAT) Benefits


No Minimum Alternate Tax (MAT) is levied on companies operating within GIFT City.
'''Minimum Alternate Tax (MAT) Benefits'''
Foreign Tax Credit (FTC) Benefits
* No Minimum Alternate Tax (MAT) is levied on companies operating within GIFT City.


Indian companies operating within GIFT City are eligible to claim foreign tax credits for taxes paid on income earned outside India.
'''Foreign Tax Credit (FTC) Benefits'''
Double Taxation Avoidance Agreement (DTAA) Benefits
* Indian companies operating within GIFT City are eligible to claim * foreign tax credits for taxes paid on income earned outside India.


Companies operating within GIFT City can take advantage of the Double Taxation Avoidance Agreement (DTAA) between India and other countries to avoid paying taxes twice on the same income.
'''Double Taxation Avoidance Agreement (DTAA) Benefits'''
Tax Incentives for Units in the SEZ
* Companies operating within GIFT City can take advantage of the Double Taxation Avoidance Agreement (DTAA) between India and other countries to avoid paying taxes twice on the same income.


Companies located in the Special Economic Zone (SEZ) within GIFT City are eligible for tax incentives such as income tax exemption for the first five years, and 50% exemption for the next five years.
'''Tax Incentives for Units in the SEZ'''
* Companies located in the Special Economic Zone (SEZ) within GIFT City are eligible for tax incentives such as income tax exemption for the first five years, and 50% exemption for the next five years.
No Wealth Tax
No Wealth Tax
* No wealth tax is levied on individuals or companies operating within GIFT City.


No wealth tax is levied on individuals or companies operating within GIFT City.
'''Stamp Duty Benefits'''
Stamp Duty Benefits
* Reduced stamp duty of 0.005% on transfer of equity instruments of companies listed on the International Financial Services Centre (IFSC) in GIFT City, compared to the regular rate of 0.015% for other Indian companies.
 
Reduced stamp duty of 0.005% on transfer of equity instruments of companies listed on the International Financial Services Centre (IFSC) in GIFT City, compared to the regular rate of 0.015% for other Indian companies.
Goods and Services Tax (GST) Benefits
 
Companies operating within GIFT City are eligible for a range of GST benefits, including zero-rated supply of goods and services, exemption from GST on imports of goods and services, and refund of GST paid on exports of goods and services.
Customs Duty Benefits


Companies operating within GIFT City are eligible for customs duty benefits, including exemption from customs duty on the import of goods and materials used for construction, operation, or maintenance of the IFSC and its units.
'''Goods and Services Tax (GST) Benefits'''
Service Tax Benefits
* Companies operating within GIFT City are eligible for a range of GST benefits, including zero-rated supply of goods and services, exemption from GST on imports of goods and services, and refund of GST paid on exports of goods and services.


Companies operating within GIFT City are exempt from service tax on certain services, including transport of goods or passengers by rail, road, or air, and construction or maintenance of infrastructure within the IFSC.
'''Customs Duty Benefits'''
* Companies operating within GIFT City are eligible for customs duty benefits, including exemption from customs duty on the import of goods and materials used for construction, operation, or maintenance of the IFSC and its units.


'''Service Tax Benefits'''
* Companies operating within GIFT City are exempt from service tax on certain services, including transport of goods or passengers by rail, road, or air, and construction or maintenance of infrastructure within the IFSC.


'''Dividend Distribution Tax (DDT) Benefits'''
* No dividend distribution tax is levied on companies located within GIFT City for dividend payments to shareholders.


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'''Central Sales Tax (CST) Benefits'''
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* Companies operating within GIFT City are exempt from Central Sales Tax (CST) on the sale of goods to other states.
* Central Excise Duty Benefits
* Companies operating within GIFT City are eligible for exemption from Central Excise Duty on the manufacture of goods for export outside India.


Here are some additional tax benefits offered by GIFT City:
'''Value Added Tax (VAT) Benefits'''
* Companies located within GIFT City are exempt from Value Added Tax (VAT) on the sale or purchase of goods within the IFSC.


Dividend Distribution Tax (DDT) Benefits
'''Entry Tax Benefits'''
 
* No entry tax is levied on goods imported into GIFT City from other states within India.
No dividend distribution tax is levied on companies located within GIFT City for dividend payments to shareholders.
Central Sales Tax (CST) Benefits
 
Companies operating within GIFT City are exempt from Central Sales Tax (CST) on the sale of goods to other states.
Central Excise Duty Benefits
 
Companies operating within GIFT City are eligible for exemption from Central Excise Duty on the manufacture of goods for export outside India.
Value Added Tax (VAT) Benefits
 
Companies located within GIFT City are exempt from Value Added Tax (VAT) on the sale or purchase of goods within the IFSC.
Entry Tax Benefits
 
No entry tax is levied on goods imported into GIFT City from other states within India.
No Export Duty
No Export Duty
* No export duty is levied on goods or services exported from GIFT City to other countries.
* No Octroi or Local Body Tax
* Companies operating within GIFT City are exempt from octroi or local body tax on the entry of goods into the IFSC.


No export duty is levied on goods or services exported from GIFT City to other countries.
'''No Property Tax'''
No Octroi or Local Body Tax
* No property tax is levied on properties within GIFT City.
 
Companies operating within GIFT City are exempt from octroi or local body tax on the entry of goods into the IFSC.
No Property Tax
 
No property tax is levied on properties within GIFT City.
No Electricity Duty
No Electricity Duty
* Companies located within GIFT City are exempt from electricity duty on the consumption of electricity.


Companies located within GIFT City are exempt from electricity duty on the consumption of electricity.
'''No Entertainment Tax'''
No Entertainment Tax
* No entertainment tax is levied on events or activities conducted within GIFT City.
 
No entertainment tax is levied on events or activities conducted within GIFT City.


 
'''No Capital Gains Tax'''
 
* No capital gains tax is levied on the transfer of securities, derivatives, and other financial instruments traded within GIFT City.
More
 
Here are some additional tax benefits offered by GIFT City:
 
No Capital Gains Tax
 
No capital gains tax is levied on the transfer of securities, derivatives, and other financial instruments traded within GIFT City.
No Securities Transaction Tax (STT)
No Securities Transaction Tax (STT)
* No Securities Transaction Tax (STT) is levied on transactions in securities, derivatives, and other financial instruments traded within GIFT City.


No Securities Transaction Tax (STT) is levied on transactions in securities, derivatives, and other financial instruments traded within GIFT City.
'''No Commodities Transaction Tax (CTT)'''
No Commodities Transaction Tax (CTT)
* No Commodities Transaction Tax (CTT) is levied on transactions in commodities traded within GIFT City.
 
No Commodities Transaction Tax (CTT) is levied on transactions in commodities traded within GIFT City.
No Transfer of Title Tax
No Transfer of Title Tax
 
* No transfer of title tax is levied on the transfer of immovable property within GIFT City.
No transfer of title tax is levied on the transfer of immovable property within GIFT City.
No Wealth Tax on Investments
No Wealth Tax on Investments
* No wealth tax is levied on investments in securities, derivatives, and other financial instruments held within GIFT City.


No wealth tax is levied on investments in securities, derivatives, and other financial instruments held within GIFT City.
'''No Gift Tax'''
No Gift Tax
* No gift tax is levied on gifts made within GIFT City.
 
No gift tax is levied on gifts made within GIFT City.
No Estate Duty
No Estate Duty
 
* No estate duty is levied on inheritance of assets located within GIFT City.
No estate duty is levied on inheritance of assets located within GIFT City.
* No Cess or Surcharge
No Cess or Surcharge
* No cess or surcharge is levied on taxes payable by companies operating within GIFT City.
 
* No Minimum Alternate Tax (MAT) for Developers
No cess or surcharge is levied on taxes payable by companies operating within GIFT City.
* Developers of buildings or infrastructure projects within GIFT City are exempt from Minimum Alternate Tax (MAT).
No Minimum Alternate Tax (MAT) for Developers
* No Long-Term Capital Gains Tax on REITs
 
* Real Estate Investment Trusts (REITs) operating within GIFT City are exempt from long-term capital gains tax on the sale of properties held for more than three years.
Developers of buildings or infrastructure projects within GIFT City are exempt from Minimum Alternate Tax (MAT).
No Long-Term Capital Gains Tax on REITs
 
Real Estate Investment Trusts (REITs) operating within GIFT City are exempt from long-term capital gains tax on the sale of properties held for more than three years.
 
 
 
 
 


==References==
==References==
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