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English Release 19-September 2014
Date Month Year
  • President's Secretariat
  • Speech by The President of India, Shri Pranab Mukherjee at the banquet hosted in honour of the President of The People’s Republic of China, H.E. Mr. Xi Jinping
  • Prime Minister's Office
  • PM reviews preparations for launch of Mission Swachh Bharat
  • PM condoles the passing away of renowned musician Uppalapu Shrinivas
  • Department of Atomic Energy
  • DAE Clarification on Media Report Citing Cancer Deaths in Atomic Energy Hubs Say’s Report is a Malicious Distortion of Facts
  • Min of Culture
  • Statement of Minister of State (Independent Charge) for Tourism and Culture Shri Shripad Naik at the Press Conference on Initiatives, Achievements and Policies
  • Min of Earth Science
  • Atlas on Wave Related Information
  • Min of Home Affairs
  • Text of the Union Home Minister, Shri Rajnath Singh’s Address at the Sixth Meeting of SAARC Ministers of Interior / Home at Kathmandu on September 19, 20014
  • India Proposed to Establish SAARC Centre for Good Governance
  • Min of Information & Broadcasting
  • I&B Minister launches News SMS Service in 5 Indian languages
  • Min of Minority Affairs
  • National Minority Commission Extends Sympathy and Support to J&K Flood Victims
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 96.17 per bbl on 18.09.2014
  • Ministry of Railways
  • Railways to Run Premium (Bi-Weekly) Super Fast Special Train Between Ahmedabad & Shri Mata Vaishno Devi Katra
  • Railway Minister Announces Settijng up of A State-of-the-Art Training Centre for Railway Protection Force at Maula-Ali, Secundedrabad
  • Ministry of Tourism
  • Achievement/ Initiatives of Ministry of Tourism
  • Min of Urban Development
  • Shri M.Venkaiah Naidu and Shri Bill Gates discuss partnership in sanitation project
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on September 18, 2014

Previous Date

 
Ministry of Finance23-November, 2012 19:33 IST
No Tax Free Zones in Operation

There is no concept called Tax Free Zones as such in operation. However, there are schemes like Special Economic Zones (SEZs) and Export Oriented Units (EOUs) which provide tax exemptions. Both above schemes are administered by the Department of Commerce. In addition to above, package of incentives for the Special Category States of Jammu and Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States (such as Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura) are provided by the Department of Industrial Policy & Promotion under its Industrial Policy. Package of incentives provided to above States also include various tax concessions as per notifications issued by the Department of Revenue.

Presently there is no proposal under consideration of the Ministry of Finance to declare certain areas as tax free zones.

This was stated by the Minister of State for Finance, Shri S.S. Palanimanickam in a written reply to a question in the Lok Sabha today.

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DSM/RS/ka
(Release ID :89371)

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