https://www.taxtmi.com/news?id=26173 A revamped credit guarantee scheme will expand collateral free guaranteed credit and reduce cost of credit; pandemic related forfeited security will largely be returned to MSMEs; a voluntary graded settlement framework will address disputes challenging arbitral awards. Enhanced presumptive taxation thresholds, revised deduction timing for payments to small suppliers, extended start up tax benefits and longer carry forward of losses are proposed. A National Financial Information Registry will be established under a new legislative framework to centralize financial data. Reforms for GIFT IFSC and public consultation processes for financial regulation, including time limits for regulatory decisions, are also proposed. en-us Wed, 01 Feb 2023 14:36:54 +0530 Wed, 01 Feb 2023 14:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26173 A revamped credit guarantee scheme will expand collateral free guaranteed credit and reduce cost of credit; pandemic related forfeited security will largely be returned to MSMEs; a voluntary graded settlement framework will address disputes challenging arbitral awards. Enhanced presumptive taxation thresholds, revised deduction timing for payments to small suppliers, extended start up tax benefits and longer carry forward of losses are proposed. A National Financial Information Registry will be established under a new legislative framework to centralize financial data. Reforms for GIFT IFSC and public consultation processes for financial regulation, including time limits for regulatory decisions, are also proposed. News - Wed, 01 Feb 2023 14:36:54 +0530 https://www.taxtmi.com/news?id=26173