Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: articles on VAT and GST in India :: VAT Audit :: due date for vat payment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: VAT RATES
 
 
« News Headlines »
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return

Ministers panel to resolve tax issues for IT SEZs
October, 30th 2008

An empowered group of ministers is meeting here on Thursday to find a way of removing anomalies in calculation of tax benefits for IT special economic zones, which account for bulk of the SEZs approved.

"The issue (relating to Section 10 (AA) of the Income tax Act) will be discussed by eGom. Ministers will take a decision," Commerce Secretary G K Pillai told reporters here on Wednesday.

Pillai said Section 10 (AA) needs to be amended so that the tax benefits under the SEZ Act are given without any distortion.

The section provides exemption from income tax to the SEZ units on the export income. For calculating the exemption, export turnover is divided by the total turnover of the assessee. But an assessee may have a unit outside the SEZ as well.

In the absence of change in the law, the IT SEZs promoted by most of the big groups such as Wipro, TCS, Satyam and Infosys stand to lose. Of the 531 SEZs approved, 320 are IT and ITeS units.

At its last meeting on October 24, the eGom headed by External Affairs Minister Pranab Mukherjee decided to clear Essar's steel SEZ in Hazira and Adani's port SEZ in Mundra. Both the Essar and Adani SEZs were facing objections from the Revenue Department on different counts.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions