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Revised MSME Definition Benefits Sole Proprietors

Revised MSME Definition Benefits Sole Proprietors

In a policy shift welcomed across India’s micro-enterprise landscape, the revised definition of Micro, Small, and Medium Enterprises (MSMEs) has brought significant benefits to sole proprietors, formally recognizing them as key players in the national economy. The...

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Excise Duty Clarified for Sole Liquor Vendors

Excise Duty Clarified for Sole Liquor Vendors

In a recent policy update, state excise departments across India have issued clarified guidelines on the applicability and calculation of excise duty for sole proprietors operating liquor businesses. This move is aimed at addressing long-standing confusion among...

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Sole Traders Allowed to Avail Income Tax Amnesty

Sole Traders Allowed to Avail Income Tax Amnesty

In a significant relief measure for small business owners, the Government of India has announced that sole traders are now eligible to participate in the latest Income Tax Amnesty Scheme, aimed at resolving past tax defaults and encouraging voluntary compliance. The...

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National Portal Lists Verified Sole Business Licenses

National Portal Lists Verified Sole Business Licenses

In a move to enhance transparency and trust in small-scale commerce, the Government of India has launched a new feature on its national MSME portal to list and verify sole business licenses issued across the country. This initiative, introduced under the joint...

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Government Offers Marketing Grants to Sole Businesses

Government Offers Marketing Grants to Sole Businesses

In a major step to support micro-enterprises and individual entrepreneurs, the Government of India has introduced a new scheme offering marketing grants to sole proprietors across sectors. Spearheaded by the Ministry of Micro, Small and Medium Enterprises (MSME), the...

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Trade Mark Registry Prioritizes Sole Business Names

Trade Mark Registry Prioritizes Sole Business Names

In a move to safeguard the identity of small business owners, the Trademarks Registry of India has announced a policy revision to prioritize trademark applications filed by sole proprietors. The decision, spearheaded by the Ministry of Commerce and Industry, aims to...

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