Excelsior Correspondent
JAMMU, Mar 13: The Income Tax Department today organized an interactive session on Advance Tax and Top Self-Assessment Taxpayers in Jammu Division, attended by various taxpayers and tax professionals.
The event aimed to highlight the importance of advance tax payments and address taxpayers’ concerns.
Assistant Commissioner of Income Tax, Balbir Singh, emphasized the significance of advance tax payments for both taxpayers and the Government.
He explained that paying taxes in installments helps manage cash flow for taxpayers and ensures compliance with tax laws, avoiding penalties.
Additional Commissioner of Income Tax, RK Gubgotra, addressed the gathering, stressing the department’s monitoring of taxpayers who fail to deposit advance taxes as per the IT Act.
He warned of actions against non-compliant taxpayers and urged them to update their contact information on the Income Tax e-filing portal to receive timely communications from the department.
During the discussion, taxpayers’ grievances regarding outstanding demands, refunds, rectifications, and appeals were addressed by department officials.
Gubgotra assured taxpayers of the department’s support and urged them to pay taxes honestly and on time for the nation’s progress.
The event served as a reminder for taxpayers to fulfil their tax obligations before the March 15 deadline, contributing to the stability of the economy and ensuring smooth Government operations.
It also highlighted the importance of effective communication between taxpayers and the Income Tax Department for resolving tax-related issues promptly.
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