{"id":398611,"date":"2021-02-02T12:22:37","date_gmt":"2021-02-02T06:52:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398611"},"modified":"2021-02-02T12:51:23","modified_gmt":"2021-02-02T07:21:23","slug":"union-budget-india-proposes-tax-benefits-to-establish-domestic-aircraft-leasing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/union-budget-india-proposes-tax-benefits-to-establish-domestic-aircraft-leasing\/","title":{"rendered":"Union Budget: India proposes tax benefits to establish domestic aircraft leasing"},"content":{"rendered":"<p>India&#8217;s finance minister on Monday proposed tax benefits for foreign aircraft lessors, as one of the world&#8217;s fastest-growing domestic aviation markets looks to establish a local leasing industry.<\/p>\n<p>Nirmala Sitharaman in her budget speech proposed a tax holiday for aircraft-leasing companies and tax exemptions for airlines paying lease rentals to foreign lessors if they choose to be based in the country&#8217;s upcoming international finance hub.<\/p>\n<p>India is developing an offshore finance hub called Gujarat International Finance Tec-City, or GIFT City to attract foreign investors with close to zero tax, and top-notch infrastructure in an effort to compete with Hong Kong and Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s finance minister on Monday proposed tax benefits for foreign aircraft lessors, as one of the world&#8217;s fastest-growing domestic aviation markets looks to establish a local leasing industry. Nirmala Sitharaman in her budget speech proposed a tax holiday for aircraft-leasing companies and tax exemptions for airlines paying lease rentals to foreign lessors if they choose to be based in the country&#8217;s upcoming international finance hub. India is developing an offshore finance hub called Gujarat International Finance Tec-City, or GIFT City to attract foreign investors with close to zero tax, and top-notch infrastructure in an effort to compete with Hong Kong [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184,141,130],"tags":[],"class_list":["post-398611","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=398611"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398611\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}