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: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TDS :: cpt :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: form 3cd
 
 
« General »
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits
 Alarm bells over return of tax inspector raj

Proposal to end incentives for new SEZ units
July, 26th 2010

Andhra Pradesh today appealed to the Centre to review the proposal in the Direct Tax Code to end tax incentives and benefits for the new SEZ units, saying that special economic zones can become "engines of growth".

"Andhra Pradesh is one of the leading states focusing on infrastructure growth and strongly believes that SEZs are opportunities to create Greenfield cities with world class infrastructure," Chief Minister K Rosaiah told the National Development Council meeting here.

Noting that the state has 106 formally approved and 73 notified SEZs, he said out of these, only 19 were in operation and rest in various stages of project development.

"The new provisions of DTC would seriously affect all these investments and would erode the investor confidence, who have invested time and resources during the last few years in developing these world class projects," Rosaiah said.

Under the DTC, the exemption on export income of the SEZs will not be allowed for new SEZ units therein.
    
The Centre should review the proposal and see that all the incentives under SEZ Act of 2005 were continued to all the developers and units, so as to restore the investor confidence, Rosaiah said.
    
On Maoist menace, he said that seven border districts of Andhra Pradesh adjoining Chhattisgarh, Orissa and Maharashtra continued to face the risk of relapse of extremism on account of their proximity to these Naxal-affected places.
    
"If Andhra Pradesh has to sustain the gains of controlling left wing extremism (LWE) on a permanent basis, it is imperative to categorise all seven districts under LWE Special Development Plan by bringing necessary changes in the selection criteria," he added.

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

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