20 October 2017

RSS Feed

SMEs may be exempted from Capital Gains Tax

E-mail Print PDF

It looks that the future is getting more favorable for Indian SMEs. A proposal to exempt small and medium enterprises (SMEs) from capital gains tax has received in principle approval from the finance ministry, an official said.

"One of the key proposals in the National Manufacturing Policy to improve access to finance for SMEs was the exemption from capital gains for investment in an enterprise as is done in the case of investment in residential property," said R.P. Singh, secretary, department of industrial policy and promotion ( DIPP) at a meeting on the policy.

"The in principle nod to the proposal by the revenue department would go a long way in enabling a large number of entrepreneurs to raise equity by selling ancestral properties and raise their level of investments and thereby boost employment," he added.

Last Updated ( Friday, 22 July 2011 09:47 )  

Add comment


Security code
Refresh

Banner



Get the Flash Player to see this player.

Follow SEI

Facebook Twitter Linkedin Youtube RSS Feed
Small Enterprise India Newsletters

Ask GURU

Take Our Online PollVoice your opinion
What do you expect from the StartUp India Action Plan?

Stock Market