Tag: SEZ

Income of SEEPZ Special Economic Zone Authority notified as exempt  Under section 10(46) of the Income Tax Act, 1961, the Central Government may notify any specific income of a Body, Authority, Board, Trust or Commission etc. as exempt. The twin conditions for  qualifying for the notification are that; …

Letting out  buildings/developed space with other amenities in Industrial Park SEZ to be treated as business income  Circular N o. 16/2017 F.No. 279/Misc./140/2015/ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 25th April, 2017 SUBJECT: Lease  rent  from  letting out …