In its Budget wishlist, exporters’ body FIEO has demanded introduction of “Double Tax Deduction Scheme for Internationalization of MSMEs” to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market exploration, market promotion and market presence.
The Union Budget 2020 should focus on creating a coherent and viable policy framework for lending to MSMEs, including making it a core business activity for banks.
In a major relief for small traders with an annual turnover of Rs 5 crore or less, the government on Wednesday announced the extension of the cut-off date for filing monthly GST returns by up to 4 days.
Small businesses and traders will get a bit more time than their larger counterparts every month in filing Goods and Services Tax (GST) returns as per a new schedule the government announced on Wednesday to reduce pressure on the IT systems.
ISLAMABAD: Pakistani and Chinese experts have agreed to developing a textile cooperation framework under China Pakistan Economic Cooperation by focusing on readymade garments, man-made fiber and textile skill training.
Nod to shut down operations of Hindustan Fluorocarbons