« Top Headlines » Open DEMAT Account in 24 hrs  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs  ITR Filing 2026: Section 143(1) Tax Demand Explained Reasons, Solutions, and How to Avoid Penalties & Disputes  ITR Filing 2026: Over 3 Crore Income Tax Returns Filed for AY 2026 27 Income Tax Department Urges Taxpayers to Avoid Last-Minute Rush «  Licence for shop can't be renewed as a matter of right: HC... Govt rakes in moolah via tax on cell phones... » Exporters seek IT exemption December, 12th 2006 Exporter associations and federations, including the Punjab Chamber of Small Exporters, today appealed to the Centre to provide income tax exemption on export profit for export units located in the domestic tariff area so that there was a common platform for all.    Exporters want no service tax on export production because export units are registered with the central excise department.    They reiterated the demand on the exemption of service tax on foreign agent commission paid by Indian exporters to procure export orders.    Export houses should be given exemption from VAT because paying VAT and getting refund is cumbersome, resulting in blockage of working capital, said A K Kohli, president of the Punjab Chamber of Small Exporters.    The chamber urged the state government to simplify procedures and reduce paper work for filing monthly returns.    Units in any town/village/city not declared as SEZ or EoU are called Domestic Tariff Area Export Units irrespective of the fact that they are exporting their entire production. These units are not entitled to tax exemptions/benefits.