Government of India has undertaken various measures to develop a conducive regulatory environment to promote leasing industry in India. International Financial Services Centre (GIFT city) in Gujarat, provides several benefits and incentives inter-alia including single regulator, state-of-the-art infrastructure, a strong regulatory environment etc. In Feb 2021, regulations for Aircraft Leasing industry in India were issued along with significant tax incentives specific for aircraft leasing business such as tax holiday for lessors, exemption on lease rentals to foreign lessors by units in IFSC and capital gains tax exemption, stamp duty exemption etc.
PDS Legal’s subject matter experts with key officials of Indian Ministry of Civil Aviation (MoCA) and IFSC, and other industry speakers discussed the below topics:
- Overview of ecosystem in IFSC
- India Aircraft and engine leasing landscape
- Decoding tax and regulatory aspects of set-up of leasing entity in IFSC India – key benefits, drivers, process, timelines and challenges
- Legal framework for Aircraft and engine leasing and financing in India.
Click here for the archive version