New Delhi, February 02, 2018: It is good to see that MSME (Micro, Small & Medium Enterprises) corporate tax being reduced to 25 percent for turnover of up to Rs 250 crore and covers 99% of companies filling returns. This makes the scenario competitive for larger corporates considering the tax burden has been reduced. Additionally with the Mudra Yojana target increased to Rs 3 crore, this is a positive step for MSMEs and will go a good way in job creation. It works really well towards the support and growth of the sector. What I would have liked to see more of, are stronger initiatives and support schemes for women entrepreneurs. However, the allocation of Rs 1200 crore for specialized Health & Wellness centers is a clear for the industry.
Corporate Comm India(CCI Newswire)
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