CAN ANYONE TELL ME IS MAT APPLICABLE ON SEZ UNITS. AND IF YES THEN AT WHAT RATE AND HOW MUCH YEAR IT CAN BE EXTENED. I WANT INFORMATION ON F.Y 2009-2010 BASIS.
03 May 2010
YES. 115JB WILL NOT BE APPLICABLE IN RESPECT OF INCOME ACCRUED OR ARISING AFTER 31 MARCH,2005 FROM ANY BUSINESS CARRIED ON, OR SERVICES RENDERED BY AN ENTREPRENEUR OR A DEVELOPER, IN A UNIT OF SPECIAL ECONOMIC ZONE, AS THE CASE MAY BE.