DESPITE UNREST, 27% INCREASE IN TAX COLLECTION
7 Cases Filed Of Unaccounted Income: Pathania
Srinagar, June 15: Chief Commissioner Income Tax Department, KS Pathania Wednesday said the gross tax collection last year grew at 27 percent in J&K, even though the Valley remained shut for major part of the year.
He said the Department realized Rs 1179.73 crore in 2010-11 representing a 27 percent growth from Rs 924.2 crore in 2009-10.
Pathania said that 603 companies and 1.4 lakh people in J&K were paying tax to the department.
Addressing media persons here today, Pathania said the Department was envisioning 19 percent increase in the tax collections in the current year.
The refunds, he said, had increased from Rs 40 crore in 2009-10 to Rs 344 crore in 2010-11. Without identifying the persons indicted in tax evasion, he said that seven cases have been filed on account of ‘unaccounted income’ in the state.
“Four businessmen were held in Jammu this year while three in Kashmir. In Kashmir they were having unaccounted income of Rs 52 lakh, Rs 40 lakh and Rs 90 lakh, while in Jammu it was Rs 1.5 crore, Rs 1 crore, and Rs 3.5 crore,” he said.
Replying to a question, he said there was 150 per cent increase in Tax Deduction at Source in the last year.
Meanwhile, the Chief Commissioner underscored the need for launching massive awareness campaign by the department.
He said the department would also try to spread awareness among the students. “We want to raise awareness about Income Tax among students so that they will know about it and become tax compliant citizens. Our agenda is to educate and provide information to tax-payers,” he said.
Lastupdate on : Wed, 15 Jun 2011 21:30:00 Makkah time
Lastupdate on : Wed, 15 Jun 2011 18:30:00 GMT
Lastupdate on : Thu, 16 Jun 2011 00:00:00 IST
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