S NARAYAN:GOING OVERBOARD ON TAX CONCESSIONS (SEZ) Source: The Financial Express
The SEZ Act of 2005, notified in February 2006, looked very much like a one-upmanship game between the finance and the commerce ministries, with the latter claiming victory after a series of meetings at the PMO. The issues related to tax concessions and, in particular, treatment of taxation within the SEZ zones. The new SEZ Act provides for stability in taxation regime in that even the Finance Bills cannot take away the concessions provided. The commerce ministry's arguments that a predictable, transparent regime is necessary to encourage investments, scored over the fears of the finance ministry about erosion of autonomy (..) http://www.nalsartech.org/tikiwiki/tiki-read_article.php?articleId=14236 Comment on this article...Return to top _____________________________________________ Do not post admin requests to the list. Goanet mailing list (Goanet@goanet.org)
