« Top Headlines » Open DEMAT Account in 24 hrs  How can Form 15G & Form 15H save TDS on interest income?  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here «  Licence for shop can't be renewed as a matter of right: HC... Govt rakes in moolah via tax on cell phones... » Exporters seek IT exemption December, 12th 2006 Exporter associations and federations, including the Punjab Chamber of Small Exporters, today appealed to the Centre to provide income tax exemption on export profit for export units located in the domestic tariff area so that there was a common platform for all.    Exporters want no service tax on export production because export units are registered with the central excise department.    They reiterated the demand on the exemption of service tax on foreign agent commission paid by Indian exporters to procure export orders.    Export houses should be given exemption from VAT because paying VAT and getting refund is cumbersome, resulting in blockage of working capital, said A K Kohli, president of the Punjab Chamber of Small Exporters.    The chamber urged the state government to simplify procedures and reduce paper work for filing monthly returns.    Units in any town/village/city not declared as SEZ or EoU are called Domestic Tariff Area Export Units irrespective of the fact that they are exporting their entire production. These units are not entitled to tax exemptions/benefits.