Fosters innovation and entrepreneurship by providing tax breaks and incentives, encouraging growth and job creation in the start-up ecosystem.
Stimulates exports by facilitating duty-free import of capital goods, thereby modernizing production facilities and enhancing export competitiveness.
Boosts industrialization and economic development by providing tax incentives, infrastructure support, and simplified regulatory procedures within designated SEZ areas.
Encourages innovation and technological advancement by providing tax credits for eligible R&D expenditures, fostering a culture of research and development within industries.
Promotes exports by providing duty-free procurement of goods for production, enabling EOU enterprises to compete globally and contribute to foreign exchange earnings.
Encourages capital investment in specified sectors by providing deductions or incentives based on the amount of investment made, stimulating economic growth and industrial development in targeted areas.
Encourages businesses to contribute to social welfare by mandating a certain percentage of profits towards CSR activities, fostering sustainable development and community welfare initiatives.
Prevents double taxation for businesses operating internationally by allowing a credit for foreign taxes paid, promoting cross-border trade and investment.
Investments in specified assets such as certain stocks, bonds, and real estate may qualify for capital gains exemptions under the Income Tax Act.
Provides tax exemptions to individuals engaged in agricultural activities, fostering growth in the agricultural sector while offering financial relief to farmers.