EXEMPTION FOR SMALL SALE INDUSTRIES limit

[Guest]

Dear Sir,

Please Let us know if there is any change in the limit for exemption of Small Scale Industries which was previous Rs.Four hundred Lakhs w.e.f. April 2005.

Regards

Seby

[Rajagopalan Ranganathan]

Sir,

No change is proposed in Budget 2015 regarding SSI limit of ₹ 400 lakhs.

AI Summary

Exemption limit for small scale industries remains unchanged in Budget 2015, preserving the existing exemption threshold. A taxpayer queried whether the small scale industry exemption limit had been changed; the operative reply states that no change was proposed in Budget 2015 and that the existing exemption threshold remains unchanged.