Dear @nithin @Quicko
As per new definition of MSME, trading is also included (till recently only manufacturing and servicing sector are included). And trading in f&o is treated as normal business activities (not speculative business activities) as per CBDT.
It’s means trading in f&o are also included in MSME definition, Isn’t it ?
You may think why I am asking this, actually MSME eligible for priority sector lending, due to which one may get loan easier with low rate of interest.
Thanks
Could you please let me know from where you got the new definition of MSME? I tried to search the net but failed. Appreciate if you could let me know the link.
@neha1101
Please find link below
https://m.rbi.org.in//Scripts/NotificationUser.aspx?Id=12126&Mode=0
Can you share the circular? Btw, I don’t think there is anything from RBI on this.
The link leads me to RBI website, did a search but could not find one on the new definition of MSME.
Dear @nithin
Please find circular link in pdf format below
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MSME25199EAA23EF4A409B11F776148EB0E4.PDF
Also screenshot of that document below
Also find below news from
Sir
Sorry to keep pursuing you on this, but I do not find any corelation between “stock market trading” getting included as part of MSME. “Retail and Wholesale Trade” as defined in MSME definition refer to to Micro, Small and Medium Enterprises and not “traders” in stock market.
Absolutely confused, maybe I am missing a point.
+1
Being an MSME helps a business raise funds as they then come under priority sector. The word trade & trading here isn’t referring to customer trading stocks on the exchanges.
This also doesn’t mean that anything changes with the way you file your income tax returns. If there is any change around that, it has to come from the IT department and not from RBI.
