Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

Major tax sops for EOUs

The committee looking into measures to revive the EOU scheme has called for a host of measures including tax sops and provision for transfer of inter-unit inputs among group companies. It has recommended extension of investment-linked income-tax benefits, exemption from customs and central excise duty for manufacture of finished goods/services and for setting up and maintenance of infrastructure and exemption from service tax and CST. Procedural simplification and toning up the administration are also suggested.
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