The Indian government has announced an exemption from capital gains tax for investment trusts and exchange-traded funds (ETFs) operating within the Gujarat International Finance Tec-City (GIFT City). This decision is a significant step to promote investment and financial activities within GIFT City, positioning it as an attractive international financial center. The exemption from capital gains tax is expected to encourage investment and fund flows into these financial instruments, boosting the growth of India’s financial services sector. It also underscores the government’s commitment to developing GIFT City as a globally competitive financial hub, providing a favorable environment for businesses and investors. This development aligns with India’s broader efforts to enhance its position in the global financial landscape.
Government Grants Exemption from Capital Gains Tax for Investment Trusts and ETFs in GIFT City
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