Sez

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2012 Could anyone please clarify the following points as per SEZ rules.

1. Is there any rule under SEZ Act which says that Tax exemption will be given only to newly registered companies.

2. Can we transfer our existing employees to the new unit at SEZ.

Swanand

Swanand (Expert)
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28 November 2012 1. New unit can enjoy full benefit under Income tax act. Refer Sec 10 AA of Income Tax act for this.

2. If you transfer your existing employee to SEZ unit there is big risk of Income Tax Act rating you as reconstruction of business hence deny Income Tax Benefit.