IFSC / GIFT City unit — 100% profit deduction (Section 147, old 80LA)

✍️ EaseValue Advisors · Updated 17 Jul 2026 · FY 2025-26

In short

A unit in an International Financial Services Centre (GIFT City) gets a 100% deduction of its income for 10 consecutive years out of 15 — Section 147, Income-tax Act 2025 (old 80LA).

The benefit

100% profit deduction for any 10 of the first 15 years, plus a range of other IFSC concessions (lower/nil tax on specified transactions, GST and stamp-duty reliefs).

Who it's for

Banking, fund management, insurance, aircraft/ship leasing and other financial-services businesses setting up in GIFT City.

The law behind it

Section 147 (old 80LA)

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General information for FY 2025-26 (AY 2026-27), not advice on your specific case. Limits, rates and conditions change with each Finance Act and depend on your facts — confirm before acting. © EaseValue Advisors LLP.

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