What will be the Status of MSME under Income tax. I mean to say will it be a company or proprietorship. Which form of income tax return will be applicable for MSME. Is Tax audit will be required.
Can MSME file return on non accounting basis too?
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 October 2011
MSME is the size of enterprise, not the constitution
constitution can be proprietor/ firm/company
no such specific relaxation under incometax
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