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    Question

    Which of the following statements is/are correct about Gift City's SEZ (Special Economic Zone)?

    1)    It offers a range of tax incentives to businesses operating within its boundaries.

    2)    It is one of the largest SEZs in India with an area of over 5000 hectares.

    3)    Exemption in income taxes is also available.

     

    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 1 and 2 only Correct Answer Incorrect Answer
    D 2 and 3 only Correct Answer Incorrect Answer
    E 1 and 3 Correct Answer Incorrect Answer

    Solution

    Gift City's SEZ (Special Economic Zone) offers a range of tax incentives to businesses operating within its boundaries, including exemption from income tax, customs duty, and excise duty for a specified period of time. It is one of the largest SEZs in India with an area of over 886 hectares, but it is not one of the largest SEZs in India with an area of over 5000 hectares.

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