Equity instrument listings in permissible jurisdictions cover convertible debentures and preference shares, with conditional eligibility for negative-...
Dividends paid by an International Financial Services Centre (IFSC) unit primarily engaged in aircraft leasing to a company that is an IFSC unit primarily engaged in aircraft leasing are subject to no tax deduction at source under section 393(1) of the Income-tax Act, 2025, subject to a declaration. The payee must furnish and verify Form 1(N), identifying the tax year and confirming eligibility for the dividend exemption and continued IFSC and aircraft-leasing status. The payer must not deduct tax on payments made or credited after receipt of the declaration and must report those payments in its tax deduction statement. The measure applies retrospectively from 1 April 2026.
Dividends paid by an International Financial Services Centre (IFSC) unit primarily engaged in aircraft leasing to a company that is an IFSC unit primarily engaged in aircraft leasing are subject to no tax deduction at source under section 393(1) of the Income-tax Act, 2025, subject to a declaration. The payee must furnish and verify Form 1(N), identifying the tax year and confirming eligibility for the dividend exemption and continued IFSC and aircraft-leasing status. The payer must not deduct tax on payments made or credited after receipt of the declaration and must report those payments in its tax deduction statement. The measure applies retrospectively from 1 April 2026.
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