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SEZ-Co-Developer - exemption , Income Tax

Issue Id: - 1161
Dated: 7-5-2009
By:- dinesh more

SEZ-Co-Developer - exemption


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Is SEZ-Co-Developer eligible for Income Tax exemption

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Showing Replies 1 to 1 of 1 Records

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1 Dated: 7-5-2009
By:- Mukesh Kumar

Yes, co-developer in SEZ are eligible for income tax benefit. Explanation to section 80IB states that: "Explanation.—For the purposes of this section, "Developer" and "Special Economic Zone" shall have the same meanings respectively as assigned to them in clauses (g) and (za) of section 2 of the Special Economic Zones Act, 2005". Further section 2(g) of SEZ states that, "(g) “Developer” means a person who, or a State Government which, has been granted by the Central Government a letter of approval under sub-section (10) of section 3 and includes an Authority and a Co-Developer;"


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