TaxTMI 
TaxTMI 
TaxTMI 
Tax incentives for International Financial Services centre
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....ax incentives for International Financial Services centre <br>Budget<br>Dated:- 1-2-2018<br><BR>Tax incentives for International Financial Services centre Transfer of derivatives and certain securiti....
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....es by non-residents exempted from capital gains tax Non-corporate taxpayers operating in IFSC to be charged alternate minimum tax at concessional rate of 9% at par with minimum alternate tax applicab....
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....le for Corporates In order to promote trade in stock exchanges located in International Financial Services Centre (IFSC), the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed t....
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....o provide two more concessions for IFSC. Presenting the General Budget 2018-19 in Parliament here today, Shri Jaitley proposed to exempt transfer of derivatives and certain securities by non-residents....
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.... from capital gains tax. Further, the Finance Minister added that non-corporate taxpayers operating in IFSC shall be charged Alternate Minimum Tax (AMT) at concessional rate of 9% at par with Minimum ....
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....Alternate Tax (MAT) applicable for corporates. The Government had endeavoured to develop a world class international financial services centre in India. In recent years, various measures including ta....
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....x incentives have been provided in order to fulfil this objective.<BR> News - Press release - PIB....