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Vansh Khandelwal

Full Stack Web Devel...ย โ€ขย 2d

Gujarat International Finance Tec-City (GIFT City), Indiaโ€™s first International Financial Services Centre (IFSC) launched in 2009 between Ahmedabad and Gandhinagar, is a multi-service SEZ built for international banking, insurance and capital markets. Key features: IFSC status, streamlined legal framework, National Single Window, International Banking Units and tax incentives (corporate rate ~25.17% and up to 15 years tax holiday). It enables easier expansion, access to global capital and listings, government support and world-class infrastructure. Challenges include talent scarcity, residual regulatory complexity and competition from hubs like Singapore; success hinges on fostering innovation and retaining skilled professionals, making GIFT City a compelling option for domestic and foreign investors.

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GIFT City is the first International Financial Services Centre ( IFSC ) in India, offering a unique regulatory environment and tax benefits for financial institutions and businesses.

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The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b

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GIFT City located in Gujarat, it is Indiaโ€™s offshore financial hub established along the lines of international offshore destinations like Dubai, Singapore and many more.

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