GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10 years
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3 years
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5 years
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8 years
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Detailed explanation-1: -100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years. (Sunset Clause for Units will become effective from 01.04.
Detailed explanation-2: -Detailed Solution. The correct answer is an enclave within a country where industries get some tax advantages. Special Economic Zones (SEZs): An SEZ is an enclave within a country that is typically duty-free and has different business and commercial laws chiefly to encourage investment and create employment.
Detailed explanation-3: -Industrial zones, called Special Economic Zones (SEZ) are set up by the Central and State governments in India to attract foreign investment. 1. These zones provide world-class facilities including electricity, water, roads, transport, storage and recreational and educational facilities.
Detailed explanation-4: -they do not have to pay taxes for some years. reduction in excise duty. reduced tariffs and barriers. none of the above.