Question

Small scale industrial undertaking is an industrial undertaking in which the investment in fixed assets in plant and machinery, whether held on ownership terms or on lease or on hire purchase, does not exceed _______.

• A. Rs. $4$ crore
• B. Rs. $3$ crore
• C. Rs. $2$ crore
• D. Rs. $1$ crore

Answer 1

The correct option is D Rs. $1$ crore

Small scale industrial undertaking is an industrial undertaking in which the investment in fixed assets in plant and machinery, whether held on ownership terms or on lease or hire purchase, does not exceed rupees 1 crore.