Budget 2023: From MSMEs, professionals to new co-operatives, 5 key changes in tax structure

[Bilgin]

Budget 2023: From MSMEs, professionals to new co-operatives, 5 key changes in tax structure FM extended the limit for MSMEs and professionals to avail presumptive taxation. While new co-operatives can enjoy the benefit of lower tax rate of 15%. Also, the FM increased cash deposits limit. Meanwhile, startups get boost to extend the date of incorporation for IT benefits.