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TMI BlogEffect of MAT on SEZ on InvestorsX X X X Extracts X X X X X X X X Extracts X X X X ..... Effect of MAT on SEZ on Investors - News and Press Release Dated:- 5-12-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 05-December-2012 16:0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 IST The provisions of Minimum Alternate Tax (MAT) have been made applicable to Special Economic Zone (SEZ) Developers and Units with effect from 1st April, 2012. The SEZ sector has seen a sharp s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowdown due to a number of reasons including withdrawal of exemption from MAT and Dividend Distribution Tax (DDT) provisions, uncertain fiscal regime for SEZs, global slowdown in exports etc. The nu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mber of applications for denotification of SEZs has shown a significant increase in the last two financial years and the trend is continuing in the current financial year also with 40 of the total 52 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de-notifications of SEZs having been approved in Financial Years 2010-11, 2011-12 and 2012-13 (upto 23.11.2012). Similarly, the number of new SEZs set up in 2010-11, 2011-12 and 2012-13 (as on 23.11.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 012) has been 16, 9 and 3 respectively. This information was given by the Minister of State for Commerce Industry Dr. D. Purandeswari in written reply to a question in Rajya Sabha today. ****** ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DS - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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