https://www.taxtmi.com/acts?id=3158 Newly established SEZ Units may claim phased deductions for export derived profits and may credit a portion of profits to a Special Economic Zone Re investment Reserve Account to finance acquisition of machinery or plant first used within three years. Reserve amounts must be utilised for qualifying business purposes and are disallowed or deemed taxable if used otherwise or not invested within the prescribed period. Deductions require specified disclosures and timely return filing; export receipts must be realised in convertible foreign exchange and export profits are apportioned to export turnover relative to total turnover. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 29 Apr 2025 15:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3158 Newly established SEZ Units may claim phased deductions for export derived profits and may credit a portion of profits to a Special Economic Zone Re investment Reserve Account to finance acquisition of machinery or plant first used within three years. Reserve amounts must be utilised for qualifying business purposes and are disallowed or deemed taxable if used otherwise or not invested within the prescribed period. Deductions require specified disclosures and timely return filing; export receipts must be realised in convertible foreign exchange and export profits are apportioned to export turnover relative to total turnover. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3158