Budget Blow on Small Traders Chase them out of Business

Budget Blow on Small Traders Chase them out of Business

One of the  Budget proposal requires all small business traders to pay tax of Rs60,000 per year to register and carry out their business.Small Traders who struggle to make a profit of Rs60,000 per year commenced cancelling their registration and close their business establishments.  After January 2016 even to cancel their registration they have to pay a tax of Rs250,000.Small traders as a  protest against this tax continue to cancel their  business registration. By  cancelling Business Registration, Government will loose annual tax they collected earlier when they are in business.