Whatsapp
Direct Listing on IFSC Exchanges: What an Indian Company Must Satisfy
For decades, Indian companies seeking to raise equity capital abroad relied on depository receipts rather than listing their equity shares directly on foreign exchanges. This chang
Borrowing from GIFT City IFSC: IFSC Lenders Under the 2026 External Commercial Borrowing (ECB) Framework
For an Indian company, a loan from an IFSC Banking Unit in GIFT City is treated as an external commercial borrowing (ECB) under the applicable FEMA framework. This position remains
Indian Companies Investing in GIFT IFSC: The Overseas Investment Framework
When an Indian company sets up a subsidiary in GIFT City, the investment is treated as an overseas investment under India’s foreign exchange framework. The fact that GIFT City is
Resident Individuals and GIFT IFSC: What the Liberalised Remittance Scheme (LRS) Now Permits
For a resident individual, GIFT IFSC presents a paradox. It is in Gujarat, but a financial institution there is treated as a person resident outside India for foreign exchange purp
Transaction Taxes on IFSC Exchanges: STT, CTT and Stamp Duty
Transaction taxes on IFSC exchanges affect trading costs and liquidity because they apply to transactions rather than profits. In India, securities transaction tax (STT), commoditi
GST and the GIFT IFSC Unit: Zero Rating, Exports and the “Authorised Operations” Trap
For indirect tax, a GIFT IFSC unit is not a special species. It is an SEZ unit, and the GST treatment of GIFT IFSC units follows from that classification, read with two questions:
Relocating an Offshore Fund to GIFT IFSC : The Tax-Neutrality Conditions
Moving a fund is not like moving an office. The relocation of offshore funds to GIFT City can involve two potential capital gains tax events: the fund’s transfer of assets to a n
Schedule VI: Which GIFT IFSC Income Is Exempt for Non-Residents, and on What Conditions
Most published summaries of GIFT IFSC tax benefits describe exemptions that belong to investors rather than to the IFSC unit itself. Under the Income-tax Act, 2025, those investor-
GIFT IFSC Tax Implications: Minimum Tax, Dividends and TDS
A GIFT IFSC tax deduction under Section 147 of the Income-tax Act, 2025 does not eliminate every tax liability. Even if an eligible GIFT City IFSC unit claims a 100% deduction, it
Twenty Years, Not Ten: GIFT City Tax Holiday Under Section 147 After the Finance Act, 2026
The phrase “GIFT City tax holiday” conceals three legal questions that decide whether anything is actually exempt: which entity qualifies, which income qualifies, and f
