Noida: Traders have urged Finance Minister Union Nirmala Sitharaman not to impose the minimum income tax fee proposed Rs 1,000 for individuals, RS 5,000 for partnership companies and 10,000 Rs for companies in the upcoming budget 2022.
They quote the proposal as an unreasonable proposal People, especially those who enjoy tax exemptions.
In a letter to Sitharaman, the Confederation of all Indian traders Delhi-NCR (CAIT) also demanded the elimination of tax goods and services (GST) on health insurance after surging in the case of Covid and placing school fees under a separate liberation system for at least Rs 1.5 lakh .
“There are no archiving fees that return to be collected because inflation is very high and taxpayers have made extreme goals,” said SK Jain, Conventor of Cait-Delhi NCR.
“Also, we have urged the minister that all small companies that run the SunilPartnersPhip company are extended minimum income exemptions such as individual taxpayers.” According to Jain, who is also president of the Sector Market Association 18, GST elimination on health insurance is the requirement of hours.
“Medical costs are very high during Covid 19.
Therefore, we have written to the Minister of Finance, looking for GST deletion on health insurance.
We have urged the Minister to reconsider the entire GST system and introduce new ones with one window format through digital identity, such as Aadhaar cards for all businesses, “he said.
From the upcoming budget, Abhay Pandey from a Noida resident ‘Group has demanded from the increased Sitharaman in the standard deduction slab and the exception limit below 80C to RS 3 Lakh from Rs 1.5 Lakh at this time.