Haryana CIVIL Service Preparation and Discussion Community

DOWNLOAD hand written Indian Polity Notes

http://bit.ly/2jcycdT

New Year
#नया साल मुबारक

What are Special Economic Zones (SEZ) in India?

Special Economic Zone (SEZ) is an area where economic laws are more relaxed than a country's typical or national laws. In India SEZs have been developed to promote exports.

The Special Economic Zones (SEZs) Policy was announced in April 2000.

The Special Economic Zones Act, 2005, was passed by the Parliament in 2005.

The SEZ act came into effect in 2006.

The main objectives of the SEZ Act are:

(a) generation of additional economic activity
(b) promotion of exports of goods and services
(c) promotion of investment from domestic and foreign sources
(d) creation of employment opportunities
(e) development of infrastructure facilities

The major incentives and facilities available to SEZ developers include:-

- Exemption from customs/excise duties for development of SEZs for authorized operations approved by the BOA.
- Income Tax exemption on income derived from the business of development of the SEZ in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act.
- Exemption from minimum alternate tax under Section 115 JB of the Income Tax Act.
- Exemption from dividend distribution tax under Section 115O of the Income Tax Act.
- Exemption from Central Sales Tax (CST).
- Exemption from Service Tax (Section 7, 26 and Second Schedule of the SEZ Act).

---------

By
MANOJ DHANKHAR

Receive digital payment for business and pay Zero Tax for sales up to 1 Crore - Section 44AD

The Planet Earth and the Universe Millions of years ago the planet earth, a very tiny part of the universe, did not exist. It was about 4,600 million years ago that the planet earth and the other planets were formed around Sun that was till then just another star in the Solar system. It happened when Gasses and other small particles...

Details about hcs exam pattern

https://youtu.be/zn5yPt7_B-0

Interview with Shining Stars of Rau's IAS Tina Dabi (AIR 1, CSE 2015) shares the finer aspects of her journey to the top rank in the UPSC Civil Services Exam in her first attempt with the students at...

Lok Adalat - IAS Lok Adalat, a forum where the disputes or cases pending or at pre-litigation stage are settled amiably, has been granted statutory status under the Legal Services Authority Act, 1987. According to the Act, the order or award pronounced by the Lok Adalats is deemed to be the decrease of a civil court...