New Delhi, Feb. 14 -- The Confederation of All India Traders (CAIT) has stepped up its efforts to address concerns surrounding Income Tax Law 43(B)H among traders nationwide, including those in Delhi.
CAIT representatives engaged with Union Finance Minister Nirmala Sitharaman to convey these concerns and propose a solution, on Wednesday.
The association appealed to the government to postpone the implementation of the law from April 1, 2024, to April 1, 2025, providing traders with a one-year deferral period.
This delay would provide traders with sufficient time to understand and comply with the law effectively, CAIT argued.
During the meeting, Praveen Khandelwal, Secretary General, CAIT, recognised the government's progressive move ...