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<h1>Union Budget 2025-26 introduces tax exemptions for ship leasing in IFSC, aligning with aircraft leasing benefits.</h1> The Union Budget 2025-26 proposes tax exemptions for ship leasing units in the International Financial Services Centre (IFSC). Similar to existing exemptions for aircraft leasing, non-residents and IFSC units engaged in ship leasing will be exempt from capital gains tax on the transfer of equity shares of domestic companies involved in ship leasing. Additionally, dividends paid by a company within the IFSC engaged in ship leasing to another such unit will also be exempt from tax. These amendments, aimed at promoting the ship leasing industry, will take effect from April 1, 2025.