*Holds interaction with businessmen, hoteliers of Katra
Excelsior Correspondent
JAMMU, Feb 17: Chief Commissioner of Income Tax (CCIT) Amritsar, Narender Singh today asked the people of Jammu and Kashmir to voluntarily declare correct income to avoid any punitive action from the Income Tax Department.
The CCIT, who is on two-day visit to Jammu, held an interactive-cum-awareness session with the top taxpayers, hoteliers and representatives of hotel and various trade associations at Katra.
During this interaction, he enlightened the gathering about the role of the taxpayers in the building of nation and stated that paying taxes honestly in itself is the biggest symbol of patriotism.
He also laid emphasis upon Swacchha Bharat Abhiyan, Widening of Tax Base through the co-operation of various stakeholders cum taxpayers and requested people to promote tax awareness amongst the non-taxpayers, who are liable for paying taxes, considering it as their social responsibility.
The CCIT deliberated upon various income tax provisions which, over the period, have now became very simple and liberal. “The IT Department in the past has given ample opportunities to the citizens to come clean in their income disclosures and honestly disclose their income and pay taxes for effective progress of the nation’s economic health”, he said.
“The department is in possession of credible financial data obtained through various data mining techniques and people should voluntarily declare true and correct income to avoid any punitive action from the department”, the CCIT further said.
“As per the data available with the department, huge number of taxpayers are paying self assessment tax while filing the returns after the end of the financial year rather than paying their due advance taxes during the financial year in which the income is earned”, he further said and advised those present on the occasion to pay their advance taxes as per the provisions of the law.
Various queries were raised by the eminent tax payers and representatives of trade associations which were answered satisfactorily by the officers of the Income Tax Department.
S K Sharma, Additional Commissioner of Income Tax, advised the participants to come forward honestly for the cause of nation which in other words reflects their true love for the nation.
Earlier, the CCIT was welcomed by Sham Lal Kesar, Chariman of *-Hotel Association of Katra and the vote of thanks was presented by Dharmender Gupta, Income Tax Officer, Katra.
S K Rastogi, Commissioner of Income Tax, Amritsar and Dr Ruveda Salam, Assistant Commissioner of Income Tax, Jammu were also present on the occasion.
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