https://www.taxtmi.com/news?id=17816 The SEZ Act permits an IFSC within an SEZ and India's first IFSC is operational at GIFT City. Budget measures provide IFSC units with exemption from dividend distribution tax, a reduced minimum alternate tax, exemption from securities transaction tax for specified foreign currency equity and business trust transactions on a recognized IFSC exchange with proposed long term capital gains exemption, and exemption from commodity transaction tax for foreign currency commodity derivative trades on a recognized IFSC association. SEZ fiscal concessions apply and regulators have issued enabling guidelines. en-us Fri, 07 Apr 2017 18:46:08 +0530 Fri, 07 Apr 2017 18:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17816 The SEZ Act permits an IFSC within an SEZ and India's first IFSC is operational at GIFT City. Budget measures provide IFSC units with exemption from dividend distribution tax, a reduced minimum alternate tax, exemption from securities transaction tax for specified foreign currency equity and business trust transactions on a recognized IFSC exchange with proposed long term capital gains exemption, and exemption from commodity transaction tax for foreign currency commodity derivative trades on a recognized IFSC association. SEZ fiscal concessions apply and regulators have issued enabling guidelines. News - Fri, 07 Apr 2017 18:46:08 +0530 https://www.taxtmi.com/news?id=17816