CHAPTER VII - SPECIAL ECONOMIC ZONES - TAXATION OF EXISTING UNITS - Revised Discussion Paper

CHAPTER VII - SPECIAL ECONOMIC ZONES - TAXATION OF EXISTING UNITS - Revised Discussion Paper – Direct Tax Code (DTC) https://www.taxtmi.com/news?id=1167 The Discussion Paper excludes area-based exemptions from the DTC while grandfathering existing exemptions under the Income Tax Act, and treats profit-linked deductions as distortionary without extending them; it provides grandfathering for SEZ developers' unexpired deductions and will incorporate similar protection for units operating in SEZs to preserve their unexpired profit-linked deductions. en-us Tue, 15 Jun 2010 22:42:21 +0530 Tue, 15 Jun 2010 22:42:21 +0530 TaxTMI RSS Generator CHAPTER VII - SPECIAL ECONOMIC ZONES - TAXATION OF EXISTING UNITS - Revised Discussion Paper – Direct Tax Code (DTC) https://www.taxtmi.com/news?id=1167 The Discussion Paper excludes area-based exemptions from the DTC while grandfathering existing exemptions under the Income Tax Act, and treats profit-linked deductions as distortionary without extending them; it provides grandfathering for SEZ developers' unexpired deductions and will incorporate similar protection for units operating in SEZs to preserve their unexpired profit-linked deductions. News - Tue, 15 Jun 2010 22:42:21 +0530 https://www.taxtmi.com/news?id=1167