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: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: VAT RATES :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
Direct Tax »
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Salaried taxpayers to get SMS alerts on TDS deductions
  CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 CBDT unveils norms for computing FMV of trust assets
 CBDT starts issuing second round of Certificates of Appreciation to tax payers
 Income Tax Department Launches SMS Alert Service on TDS Deductions
 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
 Mumbai zone direct tax collection flat in H1 FY17
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback

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 2016 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