change in turnover limit of ssi units.

[MEHUL ASHAR]

Respected Sir,

                          According to the budget 2013-14 is there any change in the turnover limit for the SSI units who r taking exemption of Rs.1.5 crore. Please let me know as soon as possible.

[YAGAY andSUN]

There is no such amendment in the Budget 2013-2014.  Please read the budget 2013-2014 meticulously on this coming Sunday to enrich your knowledge.

Be an avid reader to dig deeper in tax matters.

AI Summary

Turnover limit for SSI exemption unchanged in Budget; existing eligibility threshold continues to apply to small industries. Budget 2013-14 did not alter the turnover threshold applicable to Small Scale Industry units claiming the specified exemption; the existing eligibility criterion tied to a prescribed turnover ceiling remains unchanged and should continue to be applied by taxpayers until any express legislative amendment revises it.