PHDCCI seeks PLI scheme expansion; MSME support, tax reforms in Union Budget

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PHDCCI seeks PLI scheme expansion; MSME support, tax reforms in Union Budget - Economic Times

Quick Summary:

The PHD Chamber of Commerce and Industry propose tax cuts for individuals and LLP firms, expansion of the Production Linked Incentive scheme, and changes in MSME classification norms.

Now, since the long-term capital gain on shares is at parity with long-term capital gain on other assets, it is requested that the security transaction tax may be abolished," the document added.

"The long-term capital gains on listed shares have increased from 10 per cent to 12.5 per cent and making it at par with long-term capital gain on other assets.