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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: cpt
 
 
News Headlines »
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act

10 SEZs averse to tax incentive zones
September, 16th 2009

Even as demand in overseas markets remained weak, developers of 10 SEZs have told the government that they do not want to build zones which enjoy tax incentives on exports earnings.

The board of approvals (BoA) on SEZs under the commerce ministry will take a decision on the exit proposals at its meeting on October 5. The board will also deliberate on setting up a panel of officers that will meet every week to clear routine permissions and approvals related to the tax-free industrial enclaves.

Of the SEZs that want to exit, nine have got formal approvalthey have land under possessionwhile another one is notified and is eligible for tax benefits for development.

More significantly, only three of the SEZs are from the infotech sector, which is hit hard by the economic down turn, while the rest are from manufacturing as well as biotechnology sectors. The board in its earlier meetings had cleared more than five exit proposals of notified infotech SEZs.

Developers who do not want to develop SEZs include Kolhapur-based Gremach Infrastructure Equipments & Projects, Kanchepuram-based ETL Infrastructure Services, as well as Maharashtra Industrial Development Corporations Jalna-based SEZ.

The BoA will also deliberate on a proposal for setting up of a five member panel, that will look in to routine clearances needed by SEZs. This move is expected to fast track procedural requirements. All matters on SEZs are now referred to the board, which meets once in a month.

The BoA will also deliberate on a proposals of finalsing a list of about 25 services consumed by SEZs, for which duty refund claims can be directly addressed to the service tax department.

While, the BoA has got just two applications for setting up new zones, the government owned Cochin SEZ has applied for setting up a second phase.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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