https://www.taxtmi.com/article/detailed?id=12313 The definition of financial services for IFSC units has been broadened to include book-keeping, accounting, taxation and financial crime compliance services to non-residents, allowing such units to seek IFSC tax benefits. Eligibility excludes units created by splitting, reconstructing, or reorganising existing Indian businesses and excludes benefits where services arise from transferring or receiving existing contracts or work arrangements from group entities in India; an IFSC unit must obtain contracts afresh from non-residents to qualify. en-us Mon, 12 Feb 2024 19:48:27 +0530 Mon, 12 Feb 2024 19:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12313 The definition of financial services for IFSC units has been broadened to include book-keeping, accounting, taxation and financial crime compliance services to non-residents, allowing such units to seek IFSC tax benefits. Eligibility excludes units created by splitting, reconstructing, or reorganising existing Indian businesses and excludes benefits where services arise from transferring or receiving existing contracts or work arrangements from group entities in India; an IFSC unit must obtain contracts afresh from non-residents to qualify. Articles Income Tax Mon, 12 Feb 2024 19:48:27 +0530 https://www.taxtmi.com/article/detailed?id=12313