Which of the following is true regarding Micro, Small and Medium Enterprises? a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (IT

• R of the previous years filed under the Income Tax Act, 1961 The purchase (invoice) value of a plant and machinery or equipment, whether purchased first hand or second hand, shall be taken into account excluding Goods and Services Tax (GS
• T , on self-disclosure basis, if the enterprise is a new one without any ITR.