Stamp duty
This query is : Resolved
PR.Santhosh
(Querist)
13 January 2012
Sir
Whether Sub-lease given by SEZ developer (Apartments in the non-processing area sub-leased to customers) is exempted from stamp duty in Kerala?
Whether Sub-lease given by SEZ developer (Apartments in the non-processing area sub-leased to customers) is exempted from stamp duty in Kerala?
RAMESH KUMAR VERMA
(Expert)
13 January 2012
SEZ units get 100% income-tax exemption on export income under section 10AA of the Income-tax Act for the first five years and 50% for the next five years.
Under the section, SEZ units also get 100% tax exemption on profit earned for the first five years, while developers get exemption for 10 years. Additionally, units get a 50% exemption for the next five years and another 50% exemption on reinvestment of any gain amount in the next five years.
The government has also exempted SEZ units from payment of stamp duty and registration fees on the lease/licence of plots.
more info:
https://www.sezindia.nic.in/writereaddata/statePolicies/sez%20operational%20guidelines%202.pdf
Under the section, SEZ units also get 100% tax exemption on profit earned for the first five years, while developers get exemption for 10 years. Additionally, units get a 50% exemption for the next five years and another 50% exemption on reinvestment of any gain amount in the next five years.
The government has also exempted SEZ units from payment of stamp duty and registration fees on the lease/licence of plots.
more info:
https://www.sezindia.nic.in/writereaddata/statePolicies/sez%20operational%20guidelines%202.pdf
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