{"id":38371,"date":"2024-01-15T19:59:05","date_gmt":"2024-01-15T14:29:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=38371"},"modified":"2024-01-15T19:59:05","modified_gmt":"2024-01-15T14:29:05","slug":"special-economic-zone-utilization-reserve","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/special-economic-zone-utilization-reserve\/","title":{"rendered":"Special Economic Zone ,  Utilization Reserve?"},"content":{"rendered":"<p><strong>A company\u2019s one of the unit is set up in a \u201cSpecial Economic Zone\u201d. The company has claiming tax holiday for last 5 years out of 15 years with respect to SEZ profits and has created the \u201cSEZ Reinvestment Reserve\u201d as per section 10AA(ii) of the Act. Now the management of the company would like to utilize, without losing the tax holiday, the said SEZ Reinvestment Reserve for the following<\/strong><\/p>\n<ol>\n<li>a) Acquiring assets for their other businesses unit.<\/li>\n<li>b) Acquire motor cars for SEZ units.<\/li>\n<\/ol>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1130,1129],"qa_category":[23],"qa_tag":[1142,1143],"class_list":["post-38371","qa","type-qa","status-publish","hentry","qa_expert-chartered-accountant","qa_expert-mr-h-n-motiwalla","qa_category-income-tax","qa_tag-special-economic-zone","qa_tag-utilization-reserve"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/38371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38371"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38371"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=38371"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=38371"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=38371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}