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80 per cent of IT collected

Staff Reporter
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Pay tax with pride, says Chief Commissioner, IT Department

Chief Commissioner of Income Tax Jagtar Singh speaking at an Interactive session held in Erode on Thursday.– PHOTO: M. GOVARTHAN
Chief Commissioner of Income Tax Jagtar Singh speaking at an Interactive session held in Erode on Thursday.– PHOTO: M. GOVARTHAN

The Income Tax Department has achieved an 80 per cent tax collection in Coimbatore region this year so far, Chief Commissioner of Income Tax Jagtar Singh has said.

The department has fixed a tax collection target of Rs. 3,131 crore for this financial year. “We have already collected about Rs. 2,533 crore till date and we are optimistic that we will be able to achieve target,” he told reporters here on Thursday.

Stating that there was a slight fall in the advance tax collection this year, the Chief Commissioner said that the global economic slowdown and a few other factors could be the reasons for the drop. “We have launched a lot of initiatives to improve the tax collection and promote the awareness among the traders,” he said.

While interacting with traders and businessmen here, he said the business community should voluntarily come forward to pay the taxes and comply with the tax laws in the country.

The business community should not consider the act of paying taxes as a burden. It is a contribution towards national building.

“Don't think that paying tax is an unpleasant act. One should take pride in paying tax as it translates into development of the country,” he said The session was organised by the Income Tax Department to create awareness among traders and businessmen on advance tax.

The department, Mr. Jagtar Singh said, had brought in a number of initiatives that made tax payment painless in the country. E-governance initiatives were introduced for the tax payers. “We are encouraging the tax payers to voluntarily disclose their income and pay the taxes properly.

Though we are doing a 360 degree analysis on the assessees and monitoring their income, we expect them to come forward and pay the taxes on their own,” he said.

Mr. Jagtar Singh said that the department would act tough on those evading taxes. Action would be initiated against the companies and organisations that deduct TDS (Tax Deducted at Source) for their employees and failed to remit the same to the department.

Commissioner of Income Tax-II, Coimbatore, A. Vasanthakumar; Joint Commissioner of Income Tax Vikas K. Suryawanshi; chairman of Erode branch of Institute of Chartered Accountants of India K. Rajendran; Income Tax Officer J. Ramkumar and senior officials were present.

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