Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-01-07

ASSOCHAM’s request to reduce income tax for SMEs by 10 per cent

The Associated Chamber of Commerce and Industry (ASSOCHAM) urged the government to reduce income-tax for small and medium enterprises (SMEs) by 10 percent in the coming budget. This happened at a pre-

ASSOCHAM’s request to reduce income tax for SMEs by 10 per cent

The Associated Chamber of Commerce and Industry (ASSOCHAM) urged the government to reduce income-tax for small and medium enterprises (SMEs) by 10 percent in the coming budget. This happened at a pre-budget presentation with the finance minister.

 

During the presentation, the ASSOCHAM said that income tax for SMEs should be reduced to 20 percent and the corporate tax should be curtailed at 25 percent. The present income tax rate for SMEs is 30 per cent.

 

Demands were also made to extend service tax to all services except those in negative list. Integration of excise and service tax into Central GST from April 2010 was also demanded.

 

Considering the industry is trying to come out of the recession, the ASSOCHAM also requested not to withdraw the stimulus package suddenly instead should be phased out gradually.

Related opportunities
  • Gyms And Fitness Centres
    About Us: Started in Hyderabad, Core fitness station is the 1st..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Others Food Service
    About Us: Established on 2nd December 2011, in the business district..
    Locations looking for expansion West bengal
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West bengal
  • About Us: Max Lab, your partner in prosperity! We aim at achieving..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 2lac - 5lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Geet is a part of SARASWATI SADI GROUP since..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads