Excelsior Correspondent
RAJOURI, Nov 21: In a bid to sensitize the DDOs of various JKUT Government Departments in the jurisdiction of district Rajouri, an outreach programme was organized by the Income Tax officer Katra, Vijay Choudhary, with the assistance of District Administration, Rajouri.
The seminar is a part of series of outreach programmes being conducted by the Income Tax Department, J&K under the overall supervision of M P Singh, Principal Commissioner of Income Tax, Srinagar and under the guidance of Rajeev Gubgotra, Joint Commissioner of Income Tax, Range-1, Jammu.
During the interactive session, Choudhary highlighted the importance of direct taxes in nation building and infrastructural development and significance of paying taxes honestly. He addressed the gathering regarding a recent trend of claim of wrong deductions to secure fraudulent refunds thereby resulting in loss to public exchequer. The tax payers were 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 the Income Tax Department but also by the State agencies.
Officials and others were sensitized and cautioned about the repercussions of claiming bogus refunds by availing wrong deductions under chapter VI-A of the Income Tax Act which includes penalty u/s 270A amounting to 200% of Tax evaded and prosecution proceedings U/S 276C of the Income Tax Act.
It was advised by the IT officer that wherever required, tax payers should submit their revised returns for 2023-24 well in advance of the closing date, which is t December 31, 2023. They were also advised that the persons who have claimed bogus refunds by claiming bogus deductions can update their returns by filing ITR-U for A.Y 2021-22 and 2022-23 by paying additional tax of 50% and 25% respectively, in addition to the actual tax liability.
The DDOs were also sensitized about their roles and duties with regard to TDS compliances. They were advised to file quarterly TDS returns in time to avoid late filing fee and penalty. Also advised to issue Form 16 to employees after due diligence and caution the Government employees under their control to file ITRs with genuine deductions and avoid such malpractices resulting in fraudulent refunds.
Lively interaction was also held with the officials on various issues regarding filing of correct ITRs, various deductions available under the Income Tax Act and benefits of tax calculation under both old and new tax regime.
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