SEZ policy
Investments in Special Economic Zones (SEZs) declined as a result of introduction of Minimum Alternative Tax (MAT) and Dividend Distribution Tax (DDT), which led to negative investor sentiments, a study commissioned by the Commerce Ministry has said. Moreover, products manufactured in the zones have become non-competitive in the domestic tariff area (rest of the country) [...] Continue Reading »
A senior Finance Ministry official has revealed that the government is mulling a proposal to revive Special Economic Zones (SEZs); and, towards that end, has efforts underway to come up with a package of tax and non-tax incentives. The official also disclosed that a final view of the package for reviving SEZs will likely be [...] Continue Reading »
A significant relief has come to the IT industry as the Central Board of Direct Taxes stated that IT and ITeS units that have shifted operations to the special economic zones will be able to enjoy the tax sops under the scheme as long as their transferred technical manpower to the new units is lesser [...] Continue Reading »
