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PHDCCI delegation submits recommendation to Finance Ministry on Budget 2025
The Statesman
|November 08, 2024
PHD Chamber of Commerce and Industry (PHDCCI) on Thursday interacted with Sanjay Malhotra, Revenue Secretary and his team on Pre-Budget Memorandum for 2025-26.
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PHDCCI in its interaction with the Revenue Secretary and officials of Department of Revenue, Ministry of Finance submitted suggestions related to reduction in rates of taxation for Individuals and Limited Liability Partnership firms, fast tracking of faceless appeals by introducing a statutory period; increase in the limit of presumptive tax scheme for professionals; expansion of the PLI scheme beyond the 14 sectors; change in classification norms of MSMEs for NPAs and interest equalization scheme on pre and post-shipment export credit for MSMEs services exports.
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