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: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: cpt :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: TDS :: VAT Audit
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Kamal Nath bats for EOU tax sops
January, 10th 2008

The 100% export-oriented units (EOUs), which are slated to lose income tax exemptions from 2009, might have reasons to hope. Although the finance ministry has rejected all proposals made so far for removing the Sunset Clause under Section 10B of the Income Tax Act so that EOUs continue to avail the exemption from income tax, the commerce department is not willing to give up. Commerce & industry minister Kamal Nath has said he has taken up the issue not just with the finance minister, but also with the prime minister.

Speaking at the awards function of the Export Promotion Council for EoUs and SEZs, the minister said he was aware that the benefits of the relief package announced on account of rupee appreciation have not been extended to EOUs/SEZ units.

I am taking up this issue with the Cabinet Committee on Economic Affairs, as I firmly believe that relief needs to be provided to all exporters, irrespective of the scheme, under which they are operating, he said.

The minister said SEZ units and developers were facing certain problems in the context of service tax, benefit of DEPB/duty drawback on supplies to SEZ developers and interpretation of Section 10AA of the Income Tax Act. We are working on these issues and hopefully will be able to resolve these suitably, he said.

Certain issues related to state governments like implementation of single window mechanism and exemption from stamp duty will be looked at in a meeting which the commerce secretary has been asked to hold with various state governments this month, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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