For MSME classification under the Udyam framework, which assets are left out of the value of plant and machinery or equipment?
Question and options
For MSME classification under the Udyam framework, which assets are left out of the value of plant and machinery or equipment?
Land and buildings, and furniture and fittings
Computers and office equipment
Delivery vehicles used in the business
Moulds, dies and production tools
Answer and explanation
Correct answer: A - Land and buildings, and furniture and fittings
The 2020 Udyam notification adopts the income-tax meaning of plant and machinery and includes all tangible assets other than land and building and furniture and fittings. Delivery vehicles, computers and production tools are tangible assets and so count towards the investment figure.
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