https://www.taxtmi.com/news?id=37672 The Mutual Credit Guarantee Scheme for MSMEs provides 60% guarantee coverage through NCGTC for MLIs on equipment financing to eligible MSMEs; eligibility requires valid Udyam registration, no NPA status, and equipment constituting at least 75% of project cost, while SCBs, AIFIs and NBFCs may participate as MLIs subject to agreement and portal submission. Parallel direct tax measures aim to reduce compliance for small taxpayers via presumptive taxation, tax audit provisions, omission of specified TCS, TDS rate rationalization, and a proposed simplification of direct tax drafting in the Income-tax Bill 2025. en-us Tue, 18 Mar 2025 17:28:41 +0530 Tue, 18 Mar 2025 17:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37672 The Mutual Credit Guarantee Scheme for MSMEs provides 60% guarantee coverage through NCGTC for MLIs on equipment financing to eligible MSMEs; eligibility requires valid Udyam registration, no NPA status, and equipment constituting at least 75% of project cost, while SCBs, AIFIs and NBFCs may participate as MLIs subject to agreement and portal submission. Parallel direct tax measures aim to reduce compliance for small taxpayers via presumptive taxation, tax audit provisions, omission of specified TCS, TDS rate rationalization, and a proposed simplification of direct tax drafting in the Income-tax Bill 2025. News - Tue, 18 Mar 2025 17:28:41 +0530 https://www.taxtmi.com/news?id=37672