SCHEDULE VI - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM
Income Tax Bill, 2025 - Old Version Schedules SCH SCHEDULES
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Income exclusion for IFSC activities: specified IFSC-related incomes are not included in total income subject to prescribed conditions. Income arising to eligible persons connected with an IFSC-including capital gains on IFSC-listed assets, transfers of securities, income from ... Summary
Income exclusion for IFSC activities: specified IFSC-related incomes are not included in total income subject to prescribed conditions.
Income arising to eligible persons connected with an IFSC-including capital gains on IFSC-listed assets, transfers of securities, income from non-resident-issued securities, securitisation trust income, certain derivative gains, lease-related royalties/interest, portfolio returns for non-residents, specified fund distributions, dividends of IFSC leasing units, and interest payable by IFSC units-is excluded from total income subject to prescribed conditions. Exclusions depend on definitions and conditions for specified fund, receipt in convertible foreign exchange or IFSC offshore accounts, attribution to non-resident unit-holders or investment divisions, regulatory registrations, and specified commencement timelines, with computation and eligibility rules to be prescribed.
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