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The good and bad for business from tax perspective
SM Thanneermalai | 03 Nov 2017 00:30

BUDGET 2018 should be welcomed by industry as it focused on sectors which will help fuel the growth momentum. Such existing sectors which will have a major impact on employment are SMEs, tourism, agriculture, logistics, manufacturing, and oil and gas. Simultaneously, the budget has also provided grants and tax incentives to keep industry at the forefront of the digital and industrial revolution.

Most of the budget measures have been given by way of direct allocations, grants, soft loans, guarantees, etc. Although this budget has used taxation measures selectively to keep the growth momentum, it is very important to understand the impact of the taxation changes: the good and the bad.