Excelsior Correspondent
JAMMU, Jan 11: Chief Commissioner of Income Tax, Amritsar, Jahanzeb Akhtar, convened an interactive outreach meeting with the stakeholders including members of Chamber of Commerce and Industry Jammu, Chamber of Traders Federation, Institute of Chartered Accountants and Income Tax Bar Association besides other leading tax payers of Jammu here today.
Baljeet Kour, Commissioner of Income Tax, I/C Range Jammu; Himanshu, Joint Commissioner of Income Tax Amristsar; Rahul Padha, Jt Commissioner Circle Jammu and ITO Jammu, Ramesh Kumar were also present during the meeting.
While speaking on the occasion, IT Chief Commissioner appreciated the role of business community and tax consultants in the nation building process. She said the primary purpose of this meeting was to have a first hand knowledge about the problems being faced by the tax payers and tax professionals in the Income Tax related matters in Jammu area.
Detailed discussions were held in this regard during the meeting. The tax professionals applauded the IT department for the robust web portal and the quick processing of the returns and the issue of refunds within a couple of days in majority of cases. The CAs highlighted the issue of creation of infructuous tax demands due to the system related errors.
The participants also projected the issue of non-availability of TDS credits from the Army and Para-Military force units due to non-faulty filing of online TDS returns and who have since then moved out of J&K and thus leading to frivolous demand due to mismatch of TDS. CA Vinay Jamwal raised the issue of TDS being done by many govt departments on the gross value of contract including GST instead of the net taxable value excluding GST.
Akhtar assured that all these issues will be highlighted and taken up by her at the appropriate level and will be taken to the logical conclusion. She constituted a local grievance redressal mechanism involving collection of the grievances from all the stakeholders category wise compilation thereof and forwarding the same to CCIT Amritsar. CA Nakul Saraf, president of J&K branch of NIRC of ICAI and Rahul Padha, JCIT, I/C Circle Jammu have been nominated as nodal persons in this regard.
Apart from these technical problems, president JCCI Arun Gupta highlighted the issue of sufferings of the business community of Jammu region and requested CCIT to flag the issue of raising the minimum exempt income limit for levy of Income Tax for J&K in the upcoming Budget. Neeraj Anand projected the issue of erosion of local trade by the traders from the other states. He suggested a periodic meeting with the stakeholders of Jammu. The representatives of JK Bank also on the occasion. The meeting remained very fruitful and constructive.
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