https://www.taxtmi.com/forum/issue?id=1299 Whether various receipts of a Special Economic Zone developer qualify for exemption depends on whether they constitute profits and gains derived from such business of authorised operations. Dividend income and derivative transactions are likely to be scrutinised and may not satisfy the requirement of being business profits from SEZ operations, whereas proceeds from sale of waste or scrap generated in the course of SEZ development are more readily characterized as part of authorised operations and treated as exempt. en-us Thu, 25 Jun 2009 14:48:21 +0530 Thu, 23 Jan 2025 15:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1299 Whether various receipts of a Special Economic Zone developer qualify for exemption depends on whether they constitute profits and gains derived from such business of authorised operations. Dividend income and derivative transactions are likely to be scrutinised and may not satisfy the requirement of being business profits from SEZ operations, whereas proceeds from sale of waste or scrap generated in the course of SEZ development are more readily characterized as part of authorised operations and treated as exempt. Discussion-Forum Income Tax Thu, 25 Jun 2009 14:48:21 +0530 https://www.taxtmi.com/forum/issue?id=1299