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The Economic Times

Centre scraps TDS on aircraft lease rentals at IFSCs

IFSC GIFT IFSC Tax Deduction India

The PM Modi-led Central government announced on Friday that it has removed the requirement to deduct tax at source on aircraft lease rentals paid to leasing companies operating from International Financial Services Centres.

The move is aimed at making aircraft leasing through GIFT IFSC more attractive and easing cash flow pressures on airlines.

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One subscription that gives you access to news from hundreds of sites

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