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TaxTMI 
Is Co-Developer in SEZ are eligible for Income tax benefit.
Co-Developer - Income tax benefit in SEZ.
DINESH MORE
Co-developers in SEZs Eligible for Income Tax Benefits Under Section 80IB of Income Tax Act, 1961. A query was raised regarding whether co-developers in Special Economic Zones (SEZ) are eligible for income tax benefits. The response clarified that co-developers are indeed eligible for such benefits. This is supported by the explanation in section 80IB of the Income Tax Act, which aligns the definitions of 'Developer' and 'Special Economic Zone' with those in the Special Economic Zones Act, 2005. According to section 2(g) of the SEZ Act, a 'Developer' includes a co-developer, thereby making them eligible for income tax benefits. (AI Summary)