Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: VAT RATES
 
 
Direct Tax »
 CBDT to honour honest taxpayers
 Startups in the docks over marked down valuation tax as March 31 nears
 CBDT asks taxman to make all out efforts to recover arrears
 CBDT chief prods taxmen to buck up, meet recovery target
 CBDT to hold review meeting on PMGKY, tax collection on Mar 17
 Monitor tax collection to meet target by Mar 31: CBDT to taxman
 File prosecution cases against shell companies: CBDT to taxmen
 Threefold jump in prosecution against tax offenders
 Income Tax department raises queries on suspicious bank account deposits post demonetisation
 Govt’s direct tax collections likely to miss budget targets for FY17
 Direct tax collections show 10.7 per cent rise up to Feb: CBDT

Export promotion panel opposes proposal to abolish direct tax benefits for SEZs
December, 09th 2015

The Export Promotion Council for export oriented units and Special Economic Zones (EPCES) has opposed a proposal being considered by the finance ministry for abolition of all direct tax benefits for SEZs not operationalised before April, 2017.

Noting that such proposal was being considered by the Central Board of Direct Taxes (CBDT) in the finance ministry, Rahul Gupta, Vice-Chairman, EPCES, said it would create uncertainty in the minds of investors, SEZ developers and units, and lead to an increase in the number of applications for de-notification of approved SEZs.

Following the implementation of Minimum Alternate Tax and Dividend Distribution Tax, imposed by the previous UPA government in the FY12 Budget, there is already a slowdown in SEZ sector in terms of growth in exports from these enclaves, reduced number of SEZ notifications, slower operationalisation of SEZs and increased number of applications for de-notification of approved SEZs, Mr. Gupta said. If the proposal for abolition of direct tax benefits for SEZs not operationalized before April, 2017 is also implemented, it will further dent the investor friendly image of SEZs, he said. SEZ Act was enacted to provide long term stability and continuity to the SEZ Scheme, he added.

Despite various representations from the SEZ community, the government has neither withdrawn MAT and DDT, nor reduced the rates of MAT so far and the matter is still pending with the ministry, Gupta said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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