JAMMU, Oct 27: In a bid to sensitize the DDOs of various departments of Jammu region, Deputy Commissioner, Income Tax, Jammu, Dr. Mohnish Digra, IRS held an outreachprogramme in collaboration with the office of Deputy Commissioner Jammu.
The seminar is a part of series of outreach programmes being conducted by the Income Tax Department in the UT of Jammu & Kashmir under the overall supervision of Sh. M.P Singh, Principal Commissioner of Income Tax, Srinagar and under the guidance of Sh. Rajeev Gubgotra, Joint Commissioner of Income Tax, Range-1 Jammu.
Dr. Mohnish Digra, IRS along with Sh. Rajneesh Gupta, ITO Jammu held an interactive session with DDOs/AAOsof various departments pertaining to Jammu district. Sh. Pushpak Saroop, JKAS, Nodal officer for the programme, was also present and addressed the gathering.
During the event, DC (Income Tax) Jammu highlighted the importance of direct taxes in nation building and infrastructural development as well as its role in India becoming a developed nation by 2047. He also pointed out the consistent rise in net Direct Tax collections as well as in the number of ITR filers over the years.
Dr. Mohnish Digra, IRS also addressed the gathering regarding a recent trend of claim of wrong deductions to secure fraudulent refunds thereby resulting in loss to Government exchequer. DDOs were sensitized about their role to check the veracity of such deductions by employees. The audience was apprised of the fact that the Department is closely monitoring such cases and in certain identified cases, action is being simultaneously taken not only by Income Tax Department but also by the State agencies.
Sh. Rajneesh Gupta, ITO Jammu emphasized that consequences of claiming fraudulent refunds includes selection of cases in scrutiny and recovery of tax, levy of penalty under section 270A which is 200% of tax evaded and prosecution u/s 276C of Income Tax Act, which can lead to rigorous imprisonment up to seven years. He further pointed out that remedy available for rectifying such mistakes are filing of updated return u/s 139(8A) of IT Act for AY: 2021-22 & 2022-23 (by paying 50% and 25% penalty respectively in addition to tax) and revision of ITR for AY: 2023-24 without paying any penalty.
During the programme, lively interaction was held with theofficials on various issues regarding filing of correct ITRs,various deductions available under Income Tax, Act 1961 and benefits of tax calculation under both old and new tax regime.
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