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% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: form 3cd :: cpt :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
  No relief to those who defaulted on 1st IDS installment: CBDT
 CBDT clears the air on rental incomes from industrial parks, SEZs
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17

18 SEZ developers across States are delaying projects
September, 10th 2012

As many as 18 developers, including Tata Consultancy and G P Realtors, have sought more time from the Government for implementing their projects.

The Board of Approval, a 19-member inter-ministerial body that deals with special economic zone (SEZ)-related matters, will consider these applications on September 14.

The Board would also take up applications of two developers, including Reliance Haryana SEZ Ltd (RHSL), which are seeking relaxation in land contiguity norms.

RHSL, which has proposed to set a multi-services tax-free zone in Gurgaon, has said in its application that the Haryana Urban Development Authority wants to construct a road from Dwarka to Kherki Daula.

The road is passing through...the non-processing area of the SEZ. The proposed road would break the contiguity of the non-processing area, the agenda paper of the meeting said.

The developer has no objection to the road passing through the SEZ, it said.

The Board would also consider a proposal for de-notification of a zone. Bengal Shapoorji Infrastructure Development Ltd has sought denotification of its IT zone in West Bengal.

Further, the developers which have sought one to two more years for implementation of their projects have cited different reasons like economic slowdown and imposition of MAT, an official said.

While Tata Consultancy has sought two more years to implement its project, G P Realtors has not mentioned the numbers of years but seeks more time for its tax free zone.

Tata Consultancy and G P Realtors want to set up IT SEZs in West Bengal and Haryana respectively.

According to an industry experts, uncertainty over the tax exemptions for new SEZs has also led to declining interest in the duty-free zones. Investors are apprehensive about the new draft Direct Taxes Code (DTC).

According to the revised DTC draft, which will replace the Income Tax Act of 1961, tax exemptions for SEZs will be confined to already existing units.

The Board will also take up one applications for setting up new zones.

Exports from SEZs stood at Rs 3.65 lakh crore in 2011-12. With investments of Rs 2.02 crore, these zones provide employment to over 8.45 lakh.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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