https://www.taxtmi.com/article/detailed?id=16188 Tax incentives and compliance relaxations for GIFT IFSC include non-applicability of section 56(2)(x) to fund relocation into IFSC, exemption for dividend income between aircraft leasing units under section 10(34B), and exemption for regulated investment funds from furnishing a return of income under section 139(1). The fund relocation exemption applies where shares, units, or interests in the resultant fund are received by the fund management entity in exchange for interests held in the original fund, subject to continuity thresholds of ownership and proportional holding. A prescribed declaration and TDS reporting mechanism applies to the dividend exemption. en-us Sat, 11 Apr 2026 08:56:12 +0530 Sat, 11 Apr 2026 08:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16188 Tax incentives and compliance relaxations for GIFT IFSC include non-applicability of section 56(2)(x) to fund relocation into IFSC, exemption for dividend income between aircraft leasing units under section 10(34B), and exemption for regulated investment funds from furnishing a return of income under section 139(1). The fund relocation exemption applies where shares, units, or interests in the resultant fund are received by the fund management entity in exchange for interests held in the original fund, subject to continuity thresholds of ownership and proportional holding. A prescribed declaration and TDS reporting mechanism applies to the dividend exemption. Articles Income Tax Sat, 11 Apr 2026 08:56:12 +0530 https://www.taxtmi.com/article/detailed?id=16188