Excelsior Correspondent
JAMMU, Sept 8: A workshop on TDS provisions under the Income Tax was conducted today by TDS office Jammu at Northern Zonal Accountancy Training Institute, Jammu for newly inducted Accounts Officers (JKAS probationers) /Accounts personnel.
The workshop was conducted by Dharmender Gupta, Income Tax Officer (TDS) Jammu under overall supervision of Commissioner of Income Tax, (TDS-1) Chandigarh, Vivek Nangia and under the guidance of Priyanka Singla, Additional Commissioner of Income Tax, Range-TDS, Ludhiana.
Bharti Sambyal, Director Finance (Principal NZATI), Dr Farah Anjum (Senior Instructor) and a large number of JKAS Accounts officers attended the workshop. The primary agenda of the programme was to educate and sensitize newly inducted officers about their roles and responsibilities as drawing and disbursing officer and various TDS compliances under Income Tax Act.
The workshop was organized to make them more efficient and to provide better services to deductors and taxpayers. Dharmender Gupta apprised gathering about importance of TDS mode of revenue collections and share of TDS collection in All India Total Net Collection. He stated that TDS mode of collection which is non-intrusive, but extremely powerful instrument to check tax evasions and augment Government revenues also helps in identifying new tax payers, thereby keeping a tab on domestic base erosion and profit shifting.
He advised the officers that annual returns should be submitted online well within due dates and every taxpayer should declare his/her income(s) honestly and accurately. He emphasized that every possible care should be taken while allowing exemptions/deductions in computing tax liability for the year. They were also made aware about the serious consequences of TDS violations for the entity as well as the principal officers.
Power point presentation was given by Inspector TDS Rahul and CA Pawan Kapur. A Questions-Answer session was also to make the officers comfortable and queries raised were satisfactorily addressed.
CA Kapur gave highlights of newly introduced provisions under TDS and legal and technical aspects about new functionalities on TRACES, filing of correction statements for liquidating huge infructuous demands, disposal of applications related to TDS mismatch grievance, etc.
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