Tax Heaven Vs SEZ

This is a forum for Finance Professionals. Not a Painting Class.

 Shahid Afridi Painter ko Professional wala Javab to deta jana

SEZ can be said as tax heaven. if any person working in a SEZ, EXPORTS the good from out side INDIA then he will get 100% exemption from EXICE DUTY. As per SPECIAL ECONOMIC ZONE ACT 2005, for ALL TAX  purpose SEZ are treated as a place outside INDIA. Hence person working in SEZ are not within the purview of any tax in INDIA.

therefore, you can say SEZ,  a TAX  HEAVEN                 

Only SEZ can not be said as tax heaven, there are also other unit which are getting 100% exemption like -

1-100% EOU

2- units working u/s 10A       

3- units working u/s 10AA

4- units working u/s 10B

5- units getting deduction u/s 80IA, 80IAB, 80IC, 80ID, 80IE