Reduction of tax for it sector


This query is : Resolved 

09 May 2017 Hi,

Any one knows how to reduce Tax on IT Industries.

10 May 2017 You can apply for SEZ status for reduction of tax

10 May 2017 What are the benefits if we enroll in to SEZ.. whether we have to set up our office in to some specified area?

11 May 2017 The objective is to reduce the tax which is set up in SEZ. There is no specific area which is termed as SEZ, rather you have to convert certain office area in SEZ subjected to certain terms and conditions.

12 May 2017 Madam You are providing me more valuable answers,

please let me know, how tax will be saved (Direct or Indirect) and what are the conditions related to this.

12 May 2017 Direct tax will be saved. Which means the income tax will be saved. You have to pay the service tax or VAT. In case of indirect tax, you can recover the same from your customers / clients. For details you can refer to S.10AA of Income Tax Act 1961

12 May 2017 and also the RBI guidelines for the details which are required to be maintained / complied with.

18 May 2017 Thank You Very Much Madam.


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