Srinagar, Dec 3: In continuation of the outreach programmes across the Union Territories of J&K and Ladakh, taxpayers’ awareness campaign, ‘Mulaqaat’ was continued today in the district of Pulwama of Kashmir Province.
The proceedings were chaired by M P Singh who heads the Income Tax Department in Jammu & Kashmir and Ladakh as the Principal Commissioner of Income Tax, Srinagar (PCIT). The District Magistrate of Pulwama, Baseer Chaudhary IAS and officers of the CGST Department were also present.
According to the statement issued here, the interaction was with representatives of the local youth, representatives from the trade community, industrialists, saffron growers, small shopkeepers and businessmen in large numbers. Along with spreading awareness amongst the taxpayers regarding Income Tax Slab rates, the PCIT urged the audience to contribute to the process of nation building as honest and proud taxpayers.
He further emphasised that economic development without financial discipline cannot bring self respect among people.
“The first step towards financial discipline is to pay their due taxes and file their ITRs which is a very essential process. The department accepts the ITRs as such in 99% cases and in the territories like J&K, less than 0.2 percent returns are scrutinized that too under the watchful eyes of senior most authorities.”
He reiterated that there is no scope of any bias or harassment any more under the new transparent and accountable tax regime. He further spoke about the Faceless Scheme under which all scrutiny proceedings would be conducted online to ensure smooth compliance and transparency of the proceedings.
With regard to the Union Budget, the locals gave their ideas and suggestions, centred on Pulwama district. Increased focus on industrialisation of Pulwama along with tax benefits for the same was highlighted by the locals.
In this regard, district Magistrate of Pulwama intimated that various subsidies to the tune of Rs. 3600 crore are given to the industrial sector, which has created employment opportunities for more than 37,000 people.