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SEZ-Co-Developer - exemption , Income Tax |
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SEZ-Co-Developer - exemption |
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Is SEZ-Co-Developer eligible for Income Tax exemption Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Yes, co-developer in SEZ are eligible for income tax benefit. Explanation to section 80IB states that: "Explanation.—For the purposes of this section, "Developer" and "Special Economic Zone" shall have the same meanings respectively as assigned to them in clauses (g) and (za) of section 2 of the Special Economic Zones Act, 2005". Further section 2(g) of SEZ states that, "(g) “Developer” means a person who, or a State Government which, has been granted by the Central Government a letter of approval under sub-section (10) of section 3 and includes an Authority and a Co-Developer;" Page: 1 Old Query - New Comments are closed. |
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