Income Tax reforms needed to avoid early death of many MSME companies in software and services sector

CASE: While the Govt wants to increase credit availability for MSME companies. The same Govt is currently taking away 10% of all revenues of software and services MSME companies right at the source, in the form of TDS, even if the company does not make a profit. The IT refunds are being excessively delayed. The … Continue reading “Income Tax reforms needed to avoid early death of many MSME companies in software and services sector”