Exemption limit for units in SEZ

[velayutham panchatcharam]

How many years income tax exemption for units located in SEZ?

AI Summary

Clarification on Income Tax Exemptions: SEZ Units Get 100% for 5 Years, 50% for Next 5 Under Section 10AA. A query was raised regarding the duration of income tax exemptions for units located in Special Economic Zones (SEZ). The response clarified that under Section 10AA of the Income Tax Act, 1961, there is a 100% income tax exemption for the initial five years, followed by a 50% exemption for the subsequent five years.