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: ACCOUNTING STANDARDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT Audit :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017

Amendment to SEZ Act on the cards
September, 18th 2006
The commerce ministry is considering nominating the directors of software technology parks of India (STPIs) as development commissioners of information technology special economic zones. An amendment to the SEZ Act 2005 is being planned accordingly. The information technology department has been pushing a proposal to treat STPIs on a par with SEZs. The department's concern is that since the tax benefits of STPIs are in place only till 2009, there might be a migration of the existing units from the parks. Meanwhile, the commerce ministry is thinking of fixing an indicative land area for construction of shopping malls, apartments and hotels in the non-processing portion of a SEZ. "The government may decide to allow construction of shopping area up to 50,000 sq m in case of a multi-product zone. Any developer that decides to exceed this limit will not be eligible for any tax benefits," an official said. Similarly, the Board of Approval may decide to restrict the number and area of dwelling units inside a zone. In case of sector-specific zones, particularly IT SEZs, the view is that since the social infrastructure is in most cases a part of the main building block, there is no need for a bigger area to be demarcated for this purpose. "We may, therefore, allow an IT zone to set aside not more than 10,000 sq m for social infrastructure," an official said. The government has so far notified 24 SEZs. Some of the new SEZs are expected to become operational within this calendar year. These include Divi's Laboratories' pharma zone in Vishakapatnam, set up with an investment of Rs 200 crore, which is expected to begin production next month, and Apache's footwear SEZ in Nellore with an investment of Rs 500 crore, expected to begin production in December.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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