New Delhi, June 22 -- As more Indian investors look beyond domestic markets, GIFT City has emerged as a new gateway to global investing. The platform allows investors to access international securities, including shares of US companies, through the International Financial Services Centre (IFSC) framework.

But while the route to investing may be getting simpler, the tax treatment remains far from straightforward. Depending on who is investing and how the transaction is structured, gains from US stocks traded through GIFT City may either qualify for a tax exemption or be taxed under the rules applicable to unlisted securities. Dividend income and remittance-related tax provisions can further affect the overall tax liability.

Chandni Anand...