Question

Choose the correct statement regarding the Budget 2021 i) Government announced to increase the maximum threshold paid-up capital of small companies from Rs 50 lakh to Rs 2 crore ii) The government has also increased the threshold of maximum turnover from Rs 2 crore to Rs 20 crore.

• A. Only i
• B. Only ii
• C. Both i and ii
• D. None of the above

Answer 1

Answer:

C. Both i and ii

Government has planned to increase the maximum threshold paid-up capital of small companies from Rs 50 lakh to Rs 2 crore. In this budget, the government has also increased the threshold of maximum turnover from Rs 2 crore to Rs 20 crore.