Is Digital India building Bharat or destroying it, inadvertently?
IT reform needed to avoid early death of many MSME companies in software and services sector
CASE: While the Govt wants to increase credit availability for MSME companies. The same Govt is currently taking away 10% of all revenues of software and services MSME companies right at the source, in the form of TDS, even if the company does not make a profit. The IT refunds are being excessively delayed. The Lower TDS deduction process MSME unfriendly.