Sez act
This query is : Resolved
18 April 2012
Sir,
1) i have Sez it/ites services so can i get aggrement for hardware product (with our sister concern - Same board of director ).
2) for transfer of employee their is any point of that or we can move the employee from one company from sez unit ?
3) as sez unit we can get tax benefit of local vat / cst / service tax / any taxes ?
reply urgent - thanks
1) i have Sez it/ites services so can i get aggrement for hardware product (with our sister concern - Same board of director ).
2) for transfer of employee their is any point of that or we can move the employee from one company from sez unit ?
3) as sez unit we can get tax benefit of local vat / cst / service tax / any taxes ?
reply urgent - thanks
20 April 2012
Dear
you have unclear questions. However find below as answers.
1. You can have Hardware Service or Renting agreement with sister concern without a problem. If you want to purchase then you can purchase it from sister concern but it will attract Transfer Pricing Rules.
If you procure hardware as second hand goods from any body you will loose Income Tax Benefit.
2. You can allot fresh appointment letters to your current employee on Name of SEZ unit. It will treat as fresh employment.
If you just shift employee from DTA office to SEZ unit it will treat as reconstruction of business hence there is chance of loosing Income Tax Benefit.
3. For List of Benefits to SEZ unit visit www.sez-india.net
you have unclear questions. However find below as answers.
1. You can have Hardware Service or Renting agreement with sister concern without a problem. If you want to purchase then you can purchase it from sister concern but it will attract Transfer Pricing Rules.
If you procure hardware as second hand goods from any body you will loose Income Tax Benefit.
2. You can allot fresh appointment letters to your current employee on Name of SEZ unit. It will treat as fresh employment.
If you just shift employee from DTA office to SEZ unit it will treat as reconstruction of business hence there is chance of loosing Income Tax Benefit.
3. For List of Benefits to SEZ unit visit www.sez-india.net
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
