New Delhi, Dec. 1 -- Industry body PHD Chamber of Commerce and Industry (PHDCCI) presented a set of pre-budget suggestions for the micro, small and medium enterprises (MSME) sector to the Finance Minister Nirmala Sitharaman, seeking easier taxes, cheaper credit and simpler rules for small businesses.

The proposals focused on changes in income tax, bank loans, export support and equity funding so that MSMEs could run their businesses with less cost and delay. The chamber said these steps could help small units grow, pay back loans on time and compete better with firms in other countries.

PHDCCI recommended that, similar to earlier relief for start-ups, investments of capital gains in MSMEs on the sale of residential or other properties s...