Budget 2062/63 and SMEs

The budget 2062/63 is general. However, there are some amendments and provisions, which are beneficial to SMEs. They are:

• The transaction range for small taxpayer has been increased to Rs.15 lakhs.
• The statutory allowance for single tax payer has been increased to Rs.100, 000 and with family has been increased to Es.125, 000.
• There will be no registration charge on lending upto Rs. 100,000 issued by cooperatives.
• 20% discount will be provided on property registration if registered in the name of female.
• The concept of Special Economic Zone will be developed.
• The concept of Export Promotion Village will be developed.
• The export made by Export House will be rated as 0% VAT.

The details of the Direct tax and indirect tax as stated in Budget 2062/63 has been attached below.

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