UPSC General Studies Sample Paper General Studies Sample Paper-10

  • question_answer
    The incentives and facilities offered to the units in SEZs for attracting investments into the SEZ& including foreign investment include
    1. duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.
    2. 50% income tax exemption on export income for SEZ units for first 5 years, 25% for next 5 years thereafter.
    3. exemption from minimum alternate tax.
    4. exemption from central sales tax.
    5. exemption from service tax.
    Which of the statements given above are correct?

    A)  1, 2 and 3                    

    B)  2, 4 and 5         

    C)  1, 4 and 5                    

    D)  1, 3, 4 and 5

    Correct Answer: D

    Solution :

    [d] 100% Income Tax exemption on export income for SEZ units under Section 10 A of the Income Tax Act for first 5 years 50% for next 5 years thereafter and 50% of the ploughed back export profit for 15 years. The other provisions are exempted from minimum alternate tax, exempted from central sales tax and exempted from service tax.

You need to login to perform this action.
You will be redirected in 3 sec spinner