Budget 2019 expectations: MSMEs demand corporate tax relief for the proprietor, partnership firm from Modi-Jaitley
Arun Jaitley had promised in his budget 2015 to cut down the corporate taxes to 25 per cent in coming four years, which he did in last year's budget. But, he restricted this relief to registered firms only
In MSME segment; proprietor firms and partnership firms constitute around 90 per cent of the total number of MSMEs operating in India. Photo source: Reuters