NRIs can get massive tax benefits if they invest in India through GIFT City, and this is how... 1/ There is Zero Capital Gains Tax on IFSC listed equities, derivatives... to explain this simply, so far NRIs would pay tax in India on India earned income, and then on the same in their country of residence as well. But here, there is 0% capital gains tax, so tax is avoided in India, and for NRIs from UAE, there is no tax in India, nor in UAE. 2/ The TDS on dividends earned from funds here is just 1