The JCCI President Sh. Rakesh Gupta alongwith his Office bearers called upon the Principal Commissioner of Income Tax Ms. Mona Singh, IRS in her office chambers today. During the interaction the Principal Commissioner of Income Tax conveyed her serious concerns about drop in the non filling of Income Tax Returns, False Claims for refund in lieu of TDS, Sale and Purchase of land through cash transactions and non payment of tax on capital gains.
JCCI President assured the Principal Commissioner of Income Tax that as usual the business community throughout Jammu Province will be major contributor towards Income Tax and shall follow the same always. He also pointed out that because of the prevailing law and order situation the business and economy was at its worst and same should not be ignored while considering tax collection targets.
JCCI President urged upon the Principal Commissioner of Income Tax that the business community as well as individual tax payers are caught up in an unusual awkward situation which is like being asked to use software on a computer which does not have proper hardware. He requested the Principal Commissioner of Income Tax to take up the matter of restoration of Internet connectivity throughout the Union Territory to enable the people at large to file their Income Tax Returns and also urged upon her kindly to recommend to the Union Finance Ministry to urgently extend the dates for filling of all sorts of Income Tax Returns upto 31st March 2020.
The Chamber President also assured Principal Commissioner of Income Tax that a word of advice shall be sent through Chamber Office to heads of all affiliated business associations in Jammu and across Jammu Province to convey to their members to file the Income Tax Returns at the earliest as soon as the Internet connectivity is restored.
Also present on this occasion were Sh. S.K.Sharma, IRS Additional Commissioner of Income Tax, Sh. Rajesh Gupta, Sr. Vice President CCI, Sh. Rajeev Gupta, Jr. Vice President CCI, Sh. Manish Gupta, Secretary General CCI and Sh. Gaurav Gupta, Secretary CCI.