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Principal Commissioner IT visits Doda, highlights excessive claims against deduction of salary in J&K

Last Updated on December 9, 2023 at 6:02 pm

Principal Commissioner of the Income Tax Department, MP Singh (IRS), along with Rahul Padha (IRS), Joint Commissioner of Income Tax Range Srinagar, led an outreach cum awareness program at the conference hall in the DC office complex Doda. Organized by the Income Tax Department, the program targeted the Drawing and Disbursing Officers (DDOs) within the jurisdiction of District Doda. The meeting delved into various income tax issues, with a particular focus on the fraudulent claims of refunds made by employees of Jammu and Kashmir.

During the outreach program, the Income Tax Officers highlighted the prevalence of excessive claims of deduction against salary by taxpayers in Jammu and Kashmir. The discussion revolved around deceptive practices related to the submission of Income Tax Returns (ITR) and deductions claimed by government employees. Specific topics covered included Section ITR U, TDS, rent agreements, home loans, life insurance, income from house property, business, capital gains, and other sources.

One crucial aspect addressed during the meeting was Section 139(8A) of the Income Tax Act, focusing on the filing of ITR-U. This section allows taxpayers to revise their returns within a specified timeframe. It was emphasized that ITR-U differs from regular income tax return forms, such as ITR-1 and ITR-2, used for filing the original tax return. The officers also shed light on Tax Deducted at Source (TDS), providing a comprehensive understanding of this mechanism.

The interactive session during the meeting involved queries from DDOs regarding various income tax issues. The Commissioner emphasized the importance of employees familiarizing themselves with income tax rules and regulations. He underscored the significant role taxpayers play in nation-building, stating that 80 percent of tax collections from Jammu and Kashmir is returned to the state by the central government. The Commissioner directed DDOs to be vigilant against fraudulent rebate claims by their employees and urged timely submission of ITR to avoid consequences and penalties.

Principal Commissioner MP Singh stressed the necessity of timely tax payments and warned of strict punishment for tax deniers. He highlighted Section 133A of the Income Tax Act, enabling authorities to verify business or professional activities relevant to tax proceedings. The Commissioner mentioned the circulation of advisories on tax deniers in various departments and urged DDOs to disseminate this information within their offices. The advisory aims to caution employees engaged in fraudulent tax practices, reinforcing the commitment to maintaining tax compliance and integrity.