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Govt scraps TDS on GIFT City aircraft lease rentals
Airlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move aims to boost airline cash flow and position India as a global aircraft leasing hub. The exemption, effective immediately, simplifies compliance and enhances the competitiveness of GIFT City-based lessors against offshore centers, encouraging more leasing activities within India.
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economictimes.indiatimes.com
Centre scraps TDS on aircraft lease rentals at IFSCs
A significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid to companies operating from…
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Govt scraps TDS on GIFT City aircraft lease rentals
Airlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move aims to boost airline cash flow and…
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thehindubusinessline.com
Lease rentals paid for aircraft, ships to IFSC leasing units not to attract TDS
Lease rentals for aircraft and ships to IFSC units are exempt from TDS, enhancing liquidity and simplifying compliance for lessors.