CA NeWs Beta*: Union Budget 2016-2017 Announcements for units located in IFSC - Gujarat gift City

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Thursday, May 5, 2016

Union Budget 2016-2017 Announcements for units located in IFSC - Gujarat gift City

Union Budget 2016-2017 Announcements for units located in IFSC
1    Minimum Alternate Tax (MAT) reduced from 18.5 % to 9 % in IFSC
2    Security Transaction Tax (STT) waived off
3    Commodity Transaction Tax (STT) waived off

4    Dividend Distribution Tax (DDT) abolished
5    Long Term Capital Gain (LTCG) waived off
Govt. of Gujarat Budget 2016-2017 & Policy Announcements
1    For Registered Share Broking offices located in GIFT, Stamp Duty for share-broking transactions of share brokers exempted.
2    Incentives for companies setting up offices in GIFT to avail benefits as per IT/ITeS Policy 2016-21

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