What is the dividend income tax liability for NRI investors in a GIFT City IPO?

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• Are NRIs required to file Indian tax returns for income earned through GIFT City IPOs or investments?

  No Income tax-return filing is required for non-resident investors if only source of income in India is from GIFT IFSC.

• What are the key advantages for investors in subscribing to an IPO listed on GIFT City compared to a domestic Indian stock exchange?

  Taxes exemptions and simpler compliance (particularly for non-residents and FPI investors) - Zero capital gains tax - No Securities Transaction Tax (STT) - No Commodity Transaction Tax (CTT) - No stamp duty on trades via GIFT

• Is bidding in an IPO through Belong secure?

  Yes. IPO bids placed through Belong are routed through regulated GIFT City exchanges. Investors are recommended to review the IPO details and conduct their own research before investing.

• Will taxes apply to IPO gains?

  Capital gains from GIFT City IPOs are not taxable in India for eligible non-resident investors. Tax treatment may vary based on your country of tax residency. Resident Indians will have to pay tax in India as per income tax rules.

• Which currency will my IPO be invested in?

  All IPO investments in GIFT City are denominated and settled in USD only.