Companies who set up production units in SEZs do not have to pay taxes for an initial period of ______ years.

two

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three

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four

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five

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Solution

The correct option is D five
In recent years, the central and state governments in India are taking special steps to attract foreign companies to invest in India. Industrial zones, called Special Economic Zones (SEZs), are being set up. Companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.

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Similar questions

	List I		List II
i	MNCs buy at cheap rates from small producers	a	Automobiles
ii	Quotas and taxes on imports are used to regulate trade	b	Garments, footwear, sports items
iii	Indian companies who have invested abroad	c	Call centres
iv	IT has helped in spreading of production of services	d	Tata Motors, Infosys, Ranbaxy
v	Several MNCs have invested in setting up factories in India for production	e	Trade barriers

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