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.