{"id":4570,"date":"2023-10-28T06:30:24","date_gmt":"2023-10-28T06:30:24","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=4570"},"modified":"2023-10-28T06:30:24","modified_gmt":"2023-10-28T06:30:24","slug":"it-department-sensitises-officers-about-taxation-financial-matters","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/it-department-sensitises-officers-about-taxation-financial-matters\/","title":{"rendered":"IT department sensitises officers about taxation, financial matters"},"content":{"rendered":"

JAMMU: An\u00a0<\/span><\/span>outreach\u00a0<\/span><\/span>and\u00a0<\/span><\/span>sensitization\u00a0<\/span><\/span>programme\u00a0<\/span><\/span>was\u00a0<\/span>held\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Friday\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>Income\u00a0<\/span>Tax\u00a0<\/span>Department\u00a0<\/span><\/a><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>Deputy<\/span>\u00a0<\/span><\/a><\/span>Commissioner<\/a>‘s\u00a0<\/span><\/span>office\u00a0<\/span><\/span>to\u00a0<\/span>increase\u00a0<\/span><\/span>public\u00a0<\/span><\/span>knowledge\u00a0<\/span>and\u00a0<\/span>comprehension\u00a0<\/span><\/span>of\u00a0<\/span>financial\u00a0<\/span><\/span>and\u00a0<\/span><\/span>tax\u00a0<\/span>issues.<\/span><\/span><\/span> <\/span><\/span><\/span>During\u00a0<\/span><\/span>the\u00a0<\/span>programme,\u00a0<\/span><\/span>Assistant\u00a0<\/span><\/span>Accounts\u00a0<\/span><\/span>Officers\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Drawing\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Disbursing\u00a0<\/span><\/span>Officers\u00a0<\/span><\/span>from\u00a0<\/span><\/span>various\u00a0<\/span>departments\u00a0<\/span><\/span>participated\u00a0<\/span>in\u00a0<\/span><\/span>an\u00a0<\/span>interactive\u00a0<\/span>session\u00a0<\/span><\/span>led\u00a0<\/span>by\u00a0<\/span><\/span>Income\u00a0<\/span><\/a>Tax<\/a>\u00a0<\/span><\/span>Officer\u00a0<\/span><\/span>Jammu,\u00a0<\/span><\/span>Rajneesh\u00a0<\/span><\/span>Gupta,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Deputy\u00a0<\/span>Commissioner\u00a0<\/span><\/span>Income\u00a0<\/span><\/span>Tax\u00a0<\/span><\/span>Jammu,\u00a0<\/span><\/span>Dr.\u00a0<\/span><\/span>Mohnish\u00a0<\/span><\/span>Digra.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>addition\u00a0<\/span>to\u00a0<\/span><\/span>highlighting\u00a0<\/span><\/span>the\u00a0<\/span>need\u00a0<\/span><\/span>of\u00a0<\/span><\/span>financial\u00a0<\/span>literacy,\u00a0<\/span><\/span>Dr.\u00a0<\/span><\/span>Mohnish\u00a0<\/span><\/span>Digra\u00a0<\/span><\/span>underlined\u00a0<\/span><\/span>India’s\u00a0<\/span>goal\u00a0<\/span><\/span>of\u00a0<\/span>being\u00a0<\/span><\/span>a\u00a0<\/span>developed\u00a0<\/span>country\u00a0<\/span><\/span>by\u00a0<\/span><\/span>2047.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>emphasised\u00a0<\/span><\/span>the\u00a0<\/span>number\u00a0<\/span><\/span>of\u00a0<\/span><\/span>income\u00a0<\/span>tax\u00a0<\/span>returns\u00a0<\/span><\/span>filed\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>years\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>steady\u00a0<\/span>rise\u00a0<\/span><\/span>in\u00a0<\/span><\/span>net\u00a0<\/span><\/span>direct\u00a0<\/span>tax\u00a0<\/span><\/span>receipts.<\/span><\/span><\/span><\/span><\/span><\/span>Dr.\u00a0<\/span><\/span>Mohnish\u00a0<\/span><\/span>Digra\u00a0<\/span><\/span>also\u00a0<\/span>spoke\u00a0<\/span><\/span>to\u00a0<\/span><\/span>the\u00a0<\/span>audience\u00a0<\/span><\/span>about\u00a0<\/span><\/span>a\u00a0<\/span>worrying\u00a0<\/span>trend\u00a0<\/span><\/span>in\u00a0<\/span>which\u00a0<\/span><\/span>people\u00a0<\/span>are\u00a0<\/span><\/span>reporting\u00a0<\/span><\/span>incorrect\u00a0<\/span><\/span>deductions\u00a0<\/span><\/span>in\u00a0<\/span>order\u00a0<\/span><\/span>to\u00a0<\/span>obtain\u00a0<\/span><\/span>fraudulent\u00a0<\/span><\/span>refunds,\u00a0<\/span><\/span>which\u00a0<\/span>causes\u00a0<\/span><\/span>losses\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>government.<\/span><\/span><\/span> <\/span><\/span><\/span>Employees\u00a0<\/span><\/span>were\u00a0<\/span>reminded\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>Income\u00a0<\/span>Tax\u00a0<\/span>Department\u00a0<\/span><\/span>keeps\u00a0<\/span><\/span>a\u00a0<\/span>careful\u00a0<\/span>eye\u00a0<\/span><\/span>on\u00a0<\/span><\/span>these\u00a0<\/span>kinds\u00a0<\/span><\/span>of\u00a0<\/span><\/span>deductions,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>DDOs\u00a0<\/span><\/span>were\u00a0<\/span>made\u00a0<\/span><\/span>aware\u00a0<\/span>of\u00a0<\/span><\/span>their\u00a0<\/span>responsibility\u00a0<\/span><\/span>to\u00a0<\/span>confirm\u00a0<\/span><\/span>the\u00a0<\/span>validity\u00a0<\/span><\/span>of\u00a0<\/span>such\u00a0<\/span><\/span>claims.<\/span><\/span><\/span> <\/span><\/span><\/span>Rajneesh\u00a0<\/span><\/span>Gupta\u00a0<\/span><\/span>emphasised\u00a0<\/span><\/span>the\u00a0<\/span>severe\u00a0<\/span>repercussions\u00a0<\/span><\/span>of\u00a0<\/span><\/span>claiming\u00a0<\/span><\/span>fictitious\u00a0<\/span><\/span>refunds,\u00a0<\/span><\/span>which\u00a0<\/span>include\u00a0<\/span><\/span>case\u00a0<\/span><\/span>review,\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>recovery,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>penalties\u00a0<\/span><\/span>under\u00a0<\/span><\/span>section\u00a0<\/span><\/span>270A\u00a0<\/span><\/span>up\u00a0<\/span>to\u00a0<\/span>200%\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>avoided.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>pointed\u00a0<\/span>out\u00a0<\/span><\/span>that\u00a0<\/span>such\u00a0<\/span><\/span>behaviour\u00a0<\/span><\/span>may\u00a0<\/span>result\u00a0<\/span><\/span>in\u00a0<\/span><\/span>prosecution\u00a0<\/span><\/span>under\u00a0<\/span><\/span>Income\u00a0<\/span>Tax\u00a0<\/span>Act\u00a0<\/span><\/span>section\u00a0<\/span><\/span>276C,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>carries\u00a0<\/span><\/span>a\u00a0<\/span>harsh\u00a0<\/span>sentence\u00a0<\/span><\/span>of\u00a0<\/span><\/span>up\u00a0<\/span>to\u00a0<\/span>seven\u00a0<\/span>years\u00a0<\/span><\/span>in\u00a0<\/span><\/span>prison.<\/span><\/span><\/span><\/span><\/span><\/span>Gupta\u00a0<\/span><\/span>also\u00a0<\/span>provided\u00a0<\/span><\/span>the\u00a0<\/span>audience\u00a0<\/span><\/span>with\u00a0<\/span>information\u00a0<\/span><\/span>regarding\u00a0<\/span><\/span>the\u00a0<\/span>possible\u00a0<\/span>remedies\u00a0<\/span><\/span>for\u00a0<\/span><\/span>correcting\u00a0<\/span><\/span>errors,\u00a0<\/span><\/span>which\u00a0<\/span>include\u00a0<\/span><\/span>filing\u00a0<\/span><\/span>amended\u00a0<\/span><\/span>forms\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Assessment\u00a0<\/span><\/span>Years\u00a0<\/span><\/span>2021\u201322\u00a0<\/span><\/span>and\u00a0<\/span><\/span>2022\u201323\u00a0<\/span><\/span>under\u00a0<\/span><\/span>section\u00a0<\/span><\/span>139(8A)\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>IT\u00a0<\/span>Act\u00a0<\/span><\/span>and\u00a0<\/span><\/span>paying\u00a0<\/span><\/span>25%\u00a0<\/span>and\u00a0<\/span>50%\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>applicable\u00a0<\/span><\/span>penalties\u00a0<\/span><\/span>in\u00a0<\/span>addition\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>tax.<\/span><\/span><\/span> <\/span><\/span><\/span>For\u00a0<\/span><\/span>Assessment\u00a0<\/span><\/span>Year\u00a0<\/span><\/span>2023\u20132024,\u00a0<\/span><\/span>ITR\u00a0<\/span><\/span>revisions\u00a0<\/span><\/span>are\u00a0<\/span>permitted\u00a0<\/span><\/span>without\u00a0<\/span><\/span>incurring\u00a0<\/span><\/span>penalties.<\/span><\/span><\/span> <\/span><\/span><\/span>Interactions\u00a0<\/span><\/span>took\u00a0<\/span>place\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>programme\u00a0<\/span><\/span>to\u00a0<\/span>address\u00a0<\/span><\/span>a\u00a0<\/span>variety\u00a0<\/span><\/span>of\u00a0<\/span><\/span>topics,\u00a0<\/span><\/span>including\u00a0<\/span><\/span>how\u00a0<\/span>to\u00a0<\/span><\/span>accurately\u00a0<\/span><\/span>file\u00a0<\/span><\/span>ITRs,\u00a0<\/span><\/span>how\u00a0<\/span><\/span>to\u00a0<\/span>use\u00a0<\/span>the\u00a0<\/span><\/span>Income\u00a0<\/span>Tax\u00a0<\/span><\/span>chatbot,\u00a0<\/span><\/span>what\u00a0<\/span>deductions\u00a0<\/span><\/span>are\u00a0<\/span>allowed\u00a0<\/span><\/span>under\u00a0<\/span><\/span>the\u00a0<\/span>Income\u00a0<\/span>Tax\u00a0<\/span>Act\u00a0<\/span><\/span>of\u00a0<\/span><\/span>1961,\u00a0<\/span><\/span>and\u00a0<\/span>how\u00a0<\/span><\/span>tax\u00a0<\/span>calculation\u00a0<\/span><\/span>advantages\u00a0<\/span><\/span>both\u00a0<\/span><\/span>under\u00a0<\/span><\/span>the\u00a0<\/span>old\u00a0<\/span>and\u00a0<\/span>new\u00a0<\/span><\/span>tax\u00a0<\/span><\/span>regimes.<\/span><\/span><\/span> <\/span><\/span><\/span>Attendees\u00a0<\/span><\/span>included\u00a0<\/span><\/span>PO\u00a0<\/span><\/span>POSHAN,\u00a0<\/span><\/span>Renu\u00a0<\/span><\/span>Bhasin,\u00a0<\/span><\/span>Assistant\u00a0<\/span>Commissioner\u00a0<\/span><\/span>General,\u00a0<\/span><\/span>Manisha,\u00a0<\/span><\/span>and\u00a0<\/span>other\u00a0<\/span><\/span>district\u00a0<\/span><\/span>officers.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\"IT
IT department sensitises officers about taxation, financial matters<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JAMMU: An\u00a0outreach\u00a0and\u00a0sensitization\u00a0programme\u00a0was\u00a0held\u00a0on\u00a0Friday\u00a0by\u00a0the\u00a0Income\u00a0Tax\u00a0Department\u00a0and\u00a0the\u00a0Deputy\u00a0Commissioner‘s\u00a0office\u00a0to\u00a0increase\u00a0public\u00a0knowledge\u00a0and\u00a0comprehension\u00a0of\u00a0financial\u00a0and\u00a0tax\u00a0issues. During\u00a0the\u00a0programme,\u00a0Assistant\u00a0Accounts\u00a0Officers\u00a0and\u00a0Drawing\u00a0and\u00a0Disbursing\u00a0Officers\u00a0from\u00a0various\u00a0departments\u00a0participated\u00a0in\u00a0an\u00a0interactive\u00a0session\u00a0led\u00a0by\u00a0Income\u00a0Tax\u00a0Officer\u00a0Jammu,\u00a0Rajneesh\u00a0Gupta,\u00a0and\u00a0Deputy\u00a0Commissioner\u00a0Income\u00a0Tax\u00a0Jammu,\u00a0Dr.\u00a0Mohnish\u00a0Digra. In\u00a0addition\u00a0to\u00a0highlighting\u00a0the\u00a0need\u00a0of\u00a0financial\u00a0literacy,\u00a0Dr.\u00a0Mohnish\u00a0Digra\u00a0underlined\u00a0India’s\u00a0goal\u00a0of\u00a0being\u00a0a\u00a0developed\u00a0country\u00a0by\u00a02047. He\u00a0emphasised\u00a0the\u00a0number\u00a0of\u00a0income\u00a0tax\u00a0returns\u00a0filed\u00a0over\u00a0the\u00a0years\u00a0and\u00a0the\u00a0steady\u00a0rise\u00a0in\u00a0net\u00a0direct\u00a0tax\u00a0receipts.Dr.\u00a0Mohnish\u00a0Digra\u00a0also\u00a0spoke\u00a0to\u00a0the\u00a0audience\u00a0about\u00a0a\u00a0worrying\u00a0trend\u00a0in\u00a0which\u00a0people\u00a0are\u00a0reporting\u00a0incorrect\u00a0deductions\u00a0in\u00a0order\u00a0to\u00a0obtain\u00a0fraudulent\u00a0refunds,\u00a0which\u00a0causes\u00a0losses\u00a0for\u00a0the\u00a0government. Employees\u00a0were\u00a0reminded\u00a0that\u00a0the\u00a0Income\u00a0Tax\u00a0Department\u00a0keeps\u00a0a\u00a0careful\u00a0eye\u00a0on\u00a0these\u00a0kinds\u00a0of\u00a0deductions,\u00a0and\u00a0DDOs\u00a0were\u00a0made\u00a0aware\u00a0of\u00a0their\u00a0responsibility\u00a0to\u00a0confirm\u00a0the\u00a0validity\u00a0of\u00a0such\u00a0claims. Rajneesh\u00a0Gupta\u00a0emphasised\u00a0the\u00a0severe\u00a0repercussions\u00a0of\u00a0claiming\u00a0fictitious\u00a0refunds,\u00a0which\u00a0include\u00a0case\u00a0review,\u00a0tax\u00a0recovery,\u00a0and\u00a0penalties\u00a0under\u00a0section\u00a0270A\u00a0up\u00a0to\u00a0200%\u00a0of\u00a0the\u00a0tax\u00a0avoided. He\u00a0pointed\u00a0out\u00a0that\u00a0such\u00a0behaviour\u00a0may\u00a0result\u00a0in\u00a0prosecution\u00a0under\u00a0Income\u00a0Tax\u00a0Act\u00a0section\u00a0276C,\u00a0which\u00a0carries\u00a0a\u00a0harsh\u00a0sentence\u00a0of\u00a0up\u00a0to\u00a0seven\u00a0years\u00a0in\u00a0prison.Gupta\u00a0also\u00a0provided\u00a0the\u00a0audience\u00a0with\u00a0information\u00a0regarding\u00a0the\u00a0possible\u00a0remedies\u00a0for\u00a0correcting\u00a0errors,\u00a0which\u00a0include\u00a0filing\u00a0amended\u00a0forms\u00a0for\u00a0Assessment\u00a0Years\u00a02021\u201322\u00a0and\u00a02022\u201323\u00a0under\u00a0section\u00a0139(8A)\u00a0of\u00a0the\u00a0IT\u00a0Act\u00a0and\u00a0paying\u00a025%\u00a0and\u00a050%\u00a0of\u00a0the\u00a0applicable\u00a0penalties\u00a0in\u00a0addition\u00a0to\u00a0the\u00a0tax. For\u00a0Assessment\u00a0Year\u00a02023\u20132024,\u00a0ITR\u00a0revisions\u00a0are\u00a0permitted\u00a0without\u00a0incurring\u00a0penalties. Interactions\u00a0took\u00a0place\u00a0during\u00a0the\u00a0programme\u00a0to\u00a0address\u00a0a\u00a0variety\u00a0of\u00a0topics,\u00a0including\u00a0how\u00a0to\u00a0accurately\u00a0file\u00a0ITRs,\u00a0how\u00a0to\u00a0use\u00a0the\u00a0Income\u00a0Tax\u00a0chatbot,\u00a0what\u00a0deductions\u00a0are\u00a0allowed\u00a0under\u00a0the\u00a0Income\u00a0Tax\u00a0Act\u00a0of\u00a01961,\u00a0and\u00a0how\u00a0tax\u00a0calculation\u00a0advantages\u00a0both\u00a0under\u00a0the\u00a0old\u00a0and\u00a0new\u00a0tax\u00a0regimes. Attendees\u00a0included\u00a0PO\u00a0POSHAN,\u00a0Renu\u00a0Bhasin,\u00a0Assistant\u00a0Commissioner\u00a0General,\u00a0Manisha,\u00a0and\u00a0other\u00a0district\u00a0officers.  <\/p>\n","protected":false},"author":2,"featured_media":4571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,6,67,15,89,54],"tags":[],"class_list":["post-4570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-header","category-jammu-and-kashmir","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nIT department sensitises officers about taxation, financial matters<\/title>\n<meta name=\"description\" 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