« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  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 «  Notice to firms for claiming service tax abatement... Burden of proving exemption is on claimant... » Land details impeding SEZ notification process July, 12th 2006 Only seven out 90 formally approved have been notified so far.    There appears to be a mismatch between the rush to set up special economic zones (SEZs) and their subsequent notifications.    Out of the 90 SEZs that have so far obtained formal approval from the Board of Approval for SEZs, only seven zones have been notified. According to the SEZ Act, 2005, a zone has to be notified in order to avail of the direct and indirect tax benefits.    The seven zones, which have been notified, include: Reliance Infrastructure Ltds 440-hectare petroleum and petrochemical SEZ at Jamnagar in Gujarat, Flextronics Technology (India) Pvts 101-hectare electronic and hardware zone at Sriperumbudur in Chennai, Divis Laboratories Ltds 101-hectare pharmaceutical SEZ at Chippada in Vishakhapatnam, Chandigarh administrations 45-hectare electronic and IT zone at Chandigarh and the 2,658-hectare multi-product Mundra SEZ.    TCSs IT zone at Chennai, spread over 28 hectares, and Apache Investment holdings Pvt Ltds footwear zone, spread over 101 hectares, are in the process of being notified. In the last two BoA meetings convened on March 17 and June 12 formal approvals had been given to 92 cases.    Commerce ministry officials said the delay in notifying approved cases as SEZs was because the ministry was being cautious while seeking land details.    We have asked companies to bring specific land documents to prove that they possess the land. Mere signed documents from the state government indicating the land size allotted to the company are not being accepted, an official said.    Officials said there were a lot of procedures involved in setting up multi-product SEZs.    Each such zone has to have a development commissioner and we are in the process of appointing commissioners for approved SEZs. Without the commissioners being appointed, the developers cannot begin any activity inside the zones, an official said.    The empowered group of ministers on SEZs had decided to impose a cap on the number of SEZs to be approved at 150.    Though we are yet to reach the cap, we want the zones approved to get their notifications in place before more cases are cleared, an official added.