India provides several tax and non-tax benefits to business and investors investing in the country. The incentives are also available to non-resident companies in the form of presumptive taxation in areas such as shipping, oil and gas services, aircraft, and power industries, among others.

Special economic zones have been set up throughout the country in order to promote competitive business environments. Both developers and occupiers of SEZs enjoy substantial long-term tax holidays and concessions. Presently units in SEZs enjoy 100 per cent income tax exemptions on export income for the first five years, 50 per cent for the next five years thereafter, and 50 per cent of the plowed back export profit for another five years.

Other benefits include a refund of integrated goods and services tax on goods imported by units and developers of SEZs, easy refund procedure of input GST paid on procurement of goods and services, if any, and minimal compliance requirement and return filing procedure.

To strengthen the startup ecosystem in the country and provide support, India offers several tax benefits to startups. Benefits include a tax holiday for a period of seven previous years, beginning from the year the startup is incorporated; exemption from tax on long-term capital gains; and approval to set-off carry forward losses and capital gains in case of a change in shareholding pattern.