Business

IT deptt conducts interactive session

IT deptt conducts interactive session
Imokaba Jamir speaking at the interactive session at Hotel Saramati, Dimapur, May 24. (NP)
Staff Reporter DIMAPUR, MAY 24 (NPN) | Publish Date: 5/24/2019 11:56:23 AM IST

As part of the taxpayer outreach programme of the Income Tax department, office of the Joint Commissioner of Income Tax, Dimapur range in collaboration with Tax Bar Association, Dimapur conducted interactive session on Friday at Hotel Saramati, Supermarket, Dimapur.

Delivering keynote address, Additional Commissioner of Income Tax, Range-Dimapur, Imokaba Jamir said that the idea of the session was to have constructive, open and free discussion on certain matters and to clear some confusions and doubts pertaining to Income Tax and especially in the context of exemption granted to tribals. He also spoke on the rights and duties of tribal who are exempted under section 10 (26) of the Income Tax Act, 1961 and the issues faced by the department in dealing with cases related to demonetization.

Jamir shed light on payment of income tax stating that a tribal earning from a tribal areas are exempted from payment of income tax, however, he explained that a tribal earning from non-tribal areas is obliged to pay income tax. He also dwelt on prohibition of Benami Transaction Act and stated that most Nagas practises Benami transaction in their businesses by giving their names to the businesses belonging to non tribal. He therefore called upon the gathering to sensitize the people on Benami transaction which has been a common issue. He also highlighted on the penalties for indulging in Benami transaction.

Speaking on post demonetization, Jamir maintained that a person deposited an amount exceeding Rs. 10 lakhs have been issued notice to respond or comply with the department stating their reasons and jurisdiction of earning, failing which the department will be compelled to investigate. The department will also consider the account as suspicious account which would even let the department to tax them, he added. In this regard, he called upon the people to spread awareness to comply with the department.

General secretary, Tax Bar Association Dimapur, advocate Mahabir Jain while highlighting on the section 10 (26) of the Income Tax said that special privilege of exemption from paying Income Tax has been provided to tribal, however, the privilege has been misunderstood in many cases. He therefore cautioned the members present to be aware of the income tax provision so as to avert any kind of harassment under any law.

During the interactive session, replying to one of the queries raised by participants on the income of the Churches, Imokaba Jamir clarified that income tax is exempted to religious and charitable purposes; however, they must register it to the department for authenticity. 

The session was attended by Tax Bar Association Dimapur, Karbi Anglong Chamber of Commerce & Industry, Karbi students’ body, Dimapur Chamber of Commerce & Industry, Kohima Chamber of Commerce & Industry, businessmen and others.

 

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Desk:+91-3862-248 489, e-mail: npdesk@gmail.com Fax: +91-3862-248 500
Advt.:+91-3862-2482 267, e-mail:npostadvt@gmail.com

QUICK LINKS

SUNDAY POST

Join us on

© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus