India, Sept. 20 -- India's evolving corporate tax landscape is undergoing a strategic shift, with reforms aimed at enhancing investor confidence, boosting global competitiveness, and streamlining compliance. From International Financial Services Centre (IFSC) incentives to capital gains restructuring and the abolition of the Angel Tax, recent changes signal a pro-growth, forward-looking taxation regime.

In the recent amendment, the Venture Capital Funds (VCFs) regulated by the IFSC have been exempted from cash credit provision, wherein cash credits in the hands of a taxpayer can be subject to higher rates of tax unless the taxpayer can explain the source of such credits to the satisfaction of the revenue authorities.

The IFSC is present...