Hotline: 1800 102 2007
X
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-

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
  • Men's clothing
    T-Store is a wing of Relion Industries in the field..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us:   The Chef's Bowl, a venture of the RP -..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • AIITA - Pioneer in IT Education & Training brings you..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10000 - 50 K
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya Pradesh
  • Competitive Exam Coaching Institute
    About Us: Dr.'s Point and Er.'s Point institutes are  Pioneer in..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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