Tax Benefits | Geojit IFSC

Tax Benefit to Customers

At the International Financial Services Centre, which is regulated by a single unified regulator called IFSCA (International Financial Services Authority) there are two exchanges apart from one spot exchange for Gold (IIBX). These exchanges are – BSE Promoted India International Exchange IFSC Ltd – India Inx and NSE promoted NSE IX . Both the exchanges provide multiple products to trade in the derivatives segment. The details of the product and the contract designs are as below:

Additional Tax Benefits for IFSC Units

9% Minimum Alternate Tax (MAT). 9% Alternate Minimum Tax (AMT) for non-corporates. MAT Provision will not be applicable if Company opts for new tax regime mentioned under section 115BAA.
10 years tax holiday on 100% of profit for any 10 consecutives assess. year out of 15 years.
Tax Exemption on interest pay-out resulting in to lower cost of borrowing.
No Capital gain in a relocation of a capital asset by an Offshore Fund (original fund) to the Resultant Fund upon re-domiciliation to an IFSC, before 31 March 2023.
Exemption on income earned by non-residents on transfer of NDFs contract with IBUs commenced their operations before 31 March 2024.
No tax on distributed income by mutual fund for trading done on IFSC exchanges.
Plethora of incentives under the IT/ ITeS policy (2022-2027) of Government of Gujarat.
Exemption of Income of non-resident from offshore derivatives instruments or over the counter derivatives issued by an offshore banking unit, income from royalty and interest on account of lease of ship and income received from portfolio management services in IFSC, subject to specified conditions.