MAT
The BJP-led Government will have to go ahead apart from rhetoric statements and focus on real issues existing in our country like pragmatic land acquisition policy, lower corruption stable policy regime, less paper-work, and flexible labour laws in order to make the country a proper an attractive destinations for the investors. The UPA Government during [...] Continue Reading »
Reliance Industries today announced that it has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ. The withdrawal of the concessions offered to special economic zones has made such projects unviable. The MAT (Minimum alternate tax) and DDT (Dividend Distribution Tax) were imposed by the government in 2011 and the SEZs [...] Continue Reading »
The Centre should refrain from restoring tax benefits to units in Special Economic Zones (SEZs) and developers of these enclaves that were withdrawn in the 2011-12 Budget. SEZ units and developers now incur a 20 percent minimum alternate tax (MAT) on their book profits. In addition, there is a 15 percent dividend distribution tax (DDT) [...] Continue Reading »
The recent union budget had completely missed on addressing the issues of Special Economic Zones. This had been a matter of concern in this sector. A section of special economic zone promoters in Kerala were highly disappointed because the demand they had put forward of scrapping the minimum alternative tax or MAT had completely been [...] Continue Reading »
During the presentation made by the officials to the ministry to state on matters of commerce and industry Nirmala Sitharam, several topics were raised. This included imposition of MAT (Minimum Alternate Tax), deriving of the manufactured output, restrictions made on the import of gold which ultimately affect the jewel and gems industry along with stagnant [...] Continue Reading »
An analyst says that the UPA government’s special economic zone (SEZ) scheme whose aim is to create infrastructure to facilitate exports appears to have failed. More than 60 percent of the total land under the SEZs is vacant years after the scheme launched in 2006. Till now the government has notified 389 SEZs. As per [...] Continue Reading »
New Delhi: On a move to stimulate commercial real estate in India, the Government has done away with the mandatory requirement of 10 hectares of minimum land area for setting up an IT or ITES special economic zone (SEZ). It has set built-up area requirements to be met by SEZ developers. They now need 100,000 [...] Continue Reading »
