1. What are the income tax rules on msme profits , is there any special arrangement or all profit will be considered as a income of owner?
2. A 50 lakh loan taken by a msme for plant machinery and working capital, and was repaid to bank in 4 years, what will happen principal amount witch was repaid will be considered as income of owner? And what happens to those assets plant and machinery are they considered as income ? After four years.
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