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English Release 24-May 2013
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- Presidents Secretariat
- President’s Buddha Purnima Greetings
- Vice President's Secretariat
- Vice President Greets Citizens on Buddha Purnima
- Prime Minister's Office
- PM Greets the Nation on Buddha Purnima
- Min of Agriculture
- Kharif Sowing Crosses 60 Lakh Hectare
- Min of Comm. & Information Technology
- NIELIT, Srinagar will contribute to the growth of J&K, Dr. Killi Kruparani
- Min of Health and Family Welfare
- Janani Shishu Suraksha Karyakram – Saving Mothers and Newborns
- Azad concludes two-day visit to Sweden
- Min of Human Resource Development
- Block Institutes of Teachers Education to be Established in 196 SC/ST/Minority Concentrated Districts
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket declines sharply to
99.37/US$ bbl on 23.5.2013
- Min of Power
- Hindi Advisory Committee of Ministry of Power for effective implementation of Official Language
- Ministry of Water Resources
- Storage of Important Reservoirs in the Country (as on 25 April 2013)
- Min of Youth Affairs & Sports
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Conference of Ministers and Secretaries of States And Union Territories in-Charge of Sports & Youth Affairs Begins in New Delhi
- Planning Commission
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UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres
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Ministry of Finance23-November, 2012 19:33 IST
No Tax Free Zones in Operation
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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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