https://www.taxtmi.com/news?id=22472 The Budget increases the MSME audit turnover threshold fivefold but limits the benefit to businesses with less than five percent of transactions in cash, aiming to reduce audit compliance for small retailers and traders while maintaining audit obligations for significant cash operators. It also defers taxation on ESOP perquisites for start up employees for up to five years or until exit/sale, and expands the start up profit deduction by raising the turnover ceiling and extending the claim period. en-us Sat, 01 Feb 2020 15:33:24 +0530 Sat, 01 Feb 2020 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22472 The Budget increases the MSME audit turnover threshold fivefold but limits the benefit to businesses with less than five percent of transactions in cash, aiming to reduce audit compliance for small retailers and traders while maintaining audit obligations for significant cash operators. It also defers taxation on ESOP perquisites for start up employees for up to five years or until exit/sale, and expands the start up profit deduction by raising the turnover ceiling and extending the claim period. News - Sat, 01 Feb 2020 15:33:24 +0530 https://www.taxtmi.com/news?id=22472