GIFT City & Global Investing · beginner
GIFT City Foundation
What GIFT City's International Financial Services Centre is, who regulates it, what a resident can access there, how money reaches it under the Liberalised Remittance Scheme, and how the income is taxed in India.
- 01What is GIFT City (IFSC)?GIFT City hosts India's International Financial Services Centre (IFSC). This lesson explains who regulates it, why business there is done in foreign currency, and why a resident's money reaches it as an overseas remittance under RBI's Liberalised Remittance Scheme.
- 02What Is Available in GIFT IFSC — Funds, Bank Accounts and InsuranceInstitutions in the GIFT IFSC offer three kinds of product that a resident may come across: fund schemes, foreign-currency bank accounts and foreign-currency life insurance. This lesson explains what each is, what they have in common, and what it leaves uncovered.
- 03Tax and the LRS Route — What Applies to a Resident InvestorThis lesson separates the tax holiday of a unit set up in the GIFT IFSC from the tax position of a resident who invests through it, and sets out the remittance limit and the tax collected at source on money sent there.
- 04Using GIFT IFSC as a Resident — Remittance, Accounts and the 180-Day RuleHow a resident individual uses the GIFT IFSC in practice: the remittance under RBI's Liberalised Remittance Scheme, the foreign-currency account at an IFSC banking unit, its two 180-day rules, and the absence of DICGC cover.