Tax exemption for IFSC income: non-resident offshore derivatives and leasing-related capital gains exempt under amended section. The amendments to section 10 add and substitute clauses to provide tax-exempt status for income linked to IFSC activities: non-resident income from transfers or distributions of offshore derivative and related contracts with IFSC offshore banking units; income credited to accounts with IFSC offshore banking units where income accrues outside India; capital gains and dividends of IFSC units primarily engaged in aircraft leasing under specified temporal conditions; exemptions for notified public-purpose bodies and certain credit guarantee entities; and an exemption for payments from the Agniveer Corpus Fund.