blogBy Tax Advisory Team
Tax Benefits of Investing Through GIFT City
Explore the unique tax advantages available to investors in GIFT City-based mutual funds, including STT and LTCG exemptions.
Tax Advantages
GIFT IFSC offers several tax benefits that make it an attractive destination for mutual fund investments:
- No STT: Securities Transaction Tax is not applicable
- No CTT: Commodity Transaction Tax is exempt
- LTCG Benefits: Favorable long-term capital gains treatment
- No Stamp Duty: On securities transactions
Who Can Benefit?
Both resident Indians and NRIs can invest in GIFT City mutual funds. The tax benefits apply regardless of investor residency status.
Important Note
Tax laws are subject to change. Investors should consult their tax advisors for specific advice on their tax situations.