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Key Announcement

Union Budget 2016-2017 Announcements for units located in IFSC

  • Minimum Alternate Tax (MAT) reduced from 18.5 % to 9 % in IFSC

  • Security Transaction Tax (STT) waived off

  • Commodity Transaction Tax (STT) waived off

  • Dividend Distribution Tax (DDT) abolished

  • Long Term Capital Gain (LTCG) waived off

 

Govt. of Gujarat Budget 2016-2017 & Policy Announcements

  • For Registered Share Broking offices located in GIFT, Stamp Duty for share-broking transactions of share brokers exempted.

  • Incentives for companies setting up offices in GIFT to avail benefits as per IT/ITeS Policy 2016-21.