EXTENSION OF TAX HOLIDAY FOR STPs AND EOUs

The tax holiday available under Sections 10 A / 10 B to units in STPI, EHTP, FTZ and EOU’s was set to expire on March 31, 2009. The amendment to the Finance Bill, 2008 extends the sunset date of the tax holiday by one year. Consequently, the tax holiday shall now be available to eligible units (which
have not completed ten years of their tax holiday period) up to March 31, 2010.