Taxation

Zone of contention

Zone of contention

"The cup of woes for stakeholders of SEZs never ceases to overflow. The finance ministry is in no mood to relent on concessions to developers of SEZs. However, even the SEZs notified thus far will be hit if development activities do not begin before April 1, 2017.  Vikram Bapat explains the implications of proposed amendment in the Finance Bill 2016 to notified SEZs."

Vikram Bapat
Partner, Grant Thornton India LLP

This article apeared in The Hindu Business Line on 24th April, 2016