OBUs Likely To Lose Tax Breaks

Last updated: 13 February 2008

Withdrawing direct tax benefits to offshore banking units (OBU) on the profits earned from special economic zones (SEZs)is a new proposal of the Finance Ministry. This could prove a major setback to developers, as tax exemptions and other benefits to OBUs gave them cheaper financing options for SEZs

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Category Income Tax   Report

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