Business and industry leaders in Surat are hoping that the government will consider their demand to postpone the implementation of the payment time limit rule under sections 43B(h) of the Income Tax Act. The textile industry in Surat has been severely impacted by the new rules, with industry insiders claiming over a 50% drop in business.
Surat: Modification in rules related to payment duration for small and micro industries in the Income Tax Act has severely impacted the textile trade,.
The election was contested between two panels – Congress-backed Ekta and BJP-backed Vikas. While the Ekta panel is led by former FOSTTA secretary and Congress leader Champalal Bothra, Vikas panel is led by BJP leaders Kailash Hakim and Sawarmal Budhiya.
Nagaland Governor La Ganeshan, who addressed the closing ceremony of the Saurashtra Tamil Sangamam at Somnath in a mix of Tamil and English, had to be told to conclude his speech when Prime Minister Narendra Modi virtually joined the event.