MSME or Micro , Small & Medium Enterprise words are in vogue these days a lot . Ministers and even our beloved PM has given stress on the importance of giving fillip to the MSME sector , this post is trying to bring before the readers whether the MSME sector has special treatment under Income Tax Act .
There was once a good time for SSI. But Now ?
Small Scale Industries , the previous avatar of MSME was having special place under Income Tax Act , but now despite so many deuctiuon and exemption to many types of businesses, the MSME sector does not find any special mention while allowing deductions under Income Tax Act.
