https://www.taxtmi.com/news?id=73230 GIFT City is described as India's first International Financial Services Centre, operating within a special regulatory framework that permits foreign currency financial activity and functions like an offshore financial hub. The article states that NRIs and other participants are attracted by tax exemptions, simplified compliance, a dedicated regulatory structure, and direct foreign currency transactions without mandatory conversion to rupees. en-us Mon, 08 Jun 2026 17:01:04 +0530 Mon, 08 Jun 2026 17:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73230 GIFT City is described as India's first International Financial Services Centre, operating within a special regulatory framework that permits foreign currency financial activity and functions like an offshore financial hub. The article states that NRIs and other participants are attracted by tax exemptions, simplified compliance, a dedicated regulatory structure, and direct foreign currency transactions without mandatory conversion to rupees. News - Mon, 08 Jun 2026 17:01:04 +0530 https://www.taxtmi.com/news?id=73230