Ifsc services
Sampoorna SEZ Consultancy Services helps in setting up of Units in International Financial services Centre (IFSC)
SEZ ACT 2005
SEZ Act 2005 , SEBI
Guidelines, 2015 and Insurance Regulatory and Development Authority of India (International Financial Services Centre) Guidelines, 2015 provides for setting up of units in IFSC
Units can be set up in International Financial Services Centre in SEZ which has been approved by the Central Government u/s 18(1) of SEZ Act, 2005
- Reduced rate of Minimum Alternate Tax / Alternate Minimum Tax @ 9% u/s 115 JB / JC of the Income Tax Act for units located in IFSC and derives its income solely in convertible foreign exchange
- Tax holiday u/s 80 LA of the Income Tax Act
- Exemption from Securities Transaction Tax u/s 111A /112A of the Income Tax Act on transfer of certain capital assets on recognized stock exchange where consideration is received in foreign currency
- Exemption u/s115-O of the Income Tax Act on Dividend Distribution Tax for income derived in foreign exchange
- Exemption u/s 47 of the Income Tax Act on account of certain assets ( Bonds / Global Depository Receipts, Bonds of Indian Company, Derivatives ) by non-resident on recognized stock exchange in foreign currency
First IFSC at GIFT City , Gujarat has started operations.
