Excelsior Correspondent
SRINAGAR, July 24: J&K Bank is planning to open business facilitation centers at all the districts for startups and existing MSME businesses to promote inclusion in formal economy thereby enabling credit flow from banks. The said centers will also create awareness about financial discipline and facilitate the filing of Income Tax Returns by the businessmen across the districts.
J&K Bank Chairman and CEO Parvez Ahmed made these remarks today as the chief guest during ‘Celebration of Income Tax Day’, which was organized by the Income Tax Department, Srinagar at the Institute of Hotel Management (IHM) Rajbagh.
The function was presided over by the Chief Commissioner, Income Tax Department Amritsar, Narender Singh, while Assistant Commissioners IT Department Bashir Ahmad Bhat and Manzoor Ahmad Shah, President Income Tax Bar Association Nazir Ahmad Shikari, members from Kashmir Chamber of Commerce and Industry (KCCI), legal fraternity, chartered accountants and tax professionals were also present.
On the occasion, Chairman Parvez Ahmed said, “In the context of J&K, while I stand here representing a taxpayer corporate, I must admit that the Income Tax Department with a facilitators attitude is working harmoniously with the taxpaying entities in J&K with least incidents of the policing approach which is a big positive for the society in J&K at large which is having its own set of challenges”.
Earlier in his presidential address, Chief Commissioner Narinder Singh spoke in detail about the need of paying taxes voluntarily to the government.
Highlighting the importance of J&K for the IT Department, Chief IT Commissioner said, “J&K is a special concern for our department and we always want to make it hassle-free and harassment-free for all taxpayers in the state. J&K will soon have an Additional Commissi-oner besides a separate Commissioner Income Tax (Appeals). We have extended our total support to the state during last floods and shall continue to do the same in times of need.”
The function concluded with a vote of thanks delivered by Income Tax Officer Srinagar Dharmendra Singh.
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