Regulatory, transactional, tax and contentious advice on India's International Financial Services Centre, for institutions, families and the firms that advise them.
IFSC figures: IFSCA, registrations and authorisations (final) and cumulative fund commitments, as at June 2026.
Twenty-four handbooks of the Bhatt & Joshi Practitioner Series (Booklets III to XXVI) - covering every IFSC business head - together with four long-form Publication Series monographs and two Research volumes, are now published and downloadable.
GIFT City is India's first International Financial Services Centre, regulated by the IFSCA (International Financial Services Centres Authority). It offers investors, corporations and technology companies an offshore regulatory and tax environment in India. BJA brings a deep understanding of both the IFSCA rulebook and the Indian legal system that surrounds it.
BJA's founder is Senior Standing Counsel for the Income Tax Department of India.
We are based in Ahmedabad, the leading business hub of Gujarat. Ahmedabad, Gandhinagar and GIFT City form one connected tri-city ecosystem.
BJA's advice is backed by courtroom credibility: we are both an advisory and a litigation firm.
For global companies and HNIs weighing where to base cross-border activity, three forces are converging on a single jurisdiction.
A long income-tax holiday for IFSC units, relief from GST on IFSC services, and exemptions from STT, CTT and stamp duty on IFSC-exchange trades - an architecture built to stand beside the established offshore centres.
GIFT City sits on Indian soil and is integrated with the Indian economy, yet it operates offshore under its own unified regulator. It aligns with national policy and is designed as an engine for integrating India with global capital markets.
For firms whose strategy includes India, it is both an offshore base and an on-ramp to one of the world's fastest-growing major economies.
A single, transparent regulator and an independent judiciary give investors certainty, not just headline rates.
IFSCA's framework spans twenty distinct business heads - from banking and fund management to aircraft leasing, bullion, listing, and the tax regime that ties them together. BJA advises across all of them.
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