Centre proposes tax incentives for foreign funds shifting to GIFT City
In a bid to attract off-shore funds to set up their base in India, the Centre has proposed tax incentives or foreign funds who decide to shift their base to International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City).
The proposed relaxations are in line with the rules in several other countries including Singapore, according to experts. IANS pic.