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MSMEs are growth engines of our economy. Micro enterprises with turnover up to ` 2 crore and certain professionals with turnover of up to `50 lakh can avail the benefit of presumptive taxation. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the taxpayers whose cash receipts are no more than 5 per cent. Moreover, to support MSMEs in timely receipt of payments, I propose to allow deduction for expenditure incurred on payments made to them only when payment is actually made.
How much financial support has Odisha Chief Minister Naveen Patnaik announced for the state's athletes participating in the Hangzhou Asian Games?
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The ‘School Chalo’ abhiyan was recently launched in?
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