What is Difference between
SEZ and Tax Haven
Sameer Medhekar (Student) (4140 Points)
20 January 2009What is Difference between
SEZ and Tax Haven
Manish Rathod
(Student)
(78 Points)
Replied 20 January 2009
This is a forum for Finance Professionals. Not a Painting Class.
Sameer Medhekar
(Student)
(4140 Points)
Replied 20 January 2009
Shahid Afridi Painter ko Professional wala Javab to deta jana
Arpit Gupta
(Chartered Accountant )
(95 Points)
Replied 04 February 2009
| Originally posted by :Sameer Medhekar | ||
| " | What is Difference between SEZ and Tax Haven |
" |
SEZ can be said as tax heaven. if any person working in a SEZ, EXPORTS the good from out side INDIA then he will get 100% exemption from EXICE DUTY. As per SPECIAL ECONOMIC ZONE ACT 2005, for ALL TAX purpose SEZ are treated as a place outside INDIA. Hence person working in SEZ are not within the purview of any tax in INDIA.
therefore, you can say SEZ, a TAX HEAVEN
Only SEZ can not be said as tax heaven, there are also other unit which are getting 100% exemption like -
1-100% EOU
2- units working u/s 10A
3- units working u/s 10AA
4- units working u/s 10B
5- units getting deduction u/s 80IA, 80IAB, 80IC, 80ID, 80IE
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