Excelsior Correspondent
SRINAGAR, June 13: To discuss various issues faced by trading community, the Kashmir Chamber of Commerce and Industry (KCCI) today hosted an interactive session with Dr Ruveda Salam, Joint Commissioner of Income Tax, along with senior officials from the Income Tax Department.
The session was attended by office bearers, executive members and chartered accountants.
President KCCI, Javid Ahmad Tenga, welcomed the officials and presented a comprehensive overview of the prevailing business environment in Kashmir.
He highlighted the pressing issues being faced by traders and industrialists, particularly in relation to tax compliance, assessments and procedural delays.
One of the key grievances raised by the members was that appeal cases and exemption hearings for Kashmir-based assesses are being held in Chandigarh and Jammu, creating unnecessary inconvenience.
They stressed the need for these matters to be heard in Srinagar to ensure easier access and timely resolution.The discussion focused on the concerns surrounding Advance Tax, the deadline for which falls on June 15.
They also flagged the need for better coordination and joint sessions between the KCCI, Income Tax and GST departments to streamline compliance processes and address overlapping issues.
Dr Ruveda Salam listened patiently to all the issues and assured the gathering that the concerns raised by KCCI would be taken seriously and efforts would be made to resolve them in a time-bound manner.
The meeting concluded with a vote of thanks to the visiting officials and a collective commitment by KCCI and the tax authorities to foster a supportive tax environment for businesses in the Valley.
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