All events

Extension in ITR date saved tax payers of penalties: Deepak

With the extension of date for filing annual Income Tax Returns (ITRs), now the hardships being faced by business community in the state has been mitigated to a large extent. This was claimed by BJP Professional Cell State Convener CA Deepak Kapahi while addressing media persons at party headquarters along with BJP State Spokespersons Brigadier Anil Gupta and Balbir Ram Rattan.

Deepak Kapahi said that due to the ongoing turmoil in the Valley the business community in particular was not in a position to file annual Income Tax Returns and keeping in view such a situation, the matter was raised by BJP at the highest level at the centre and in the state, which finally got node with the Govt. of India giving ample time to get the returns finalized of all the tax payers and file their ITRs by 31stDecember, 2016. If this would not have happened, the business community would have faced more hardships by way of penalties by Income Tax Department, he added.

Deepak Kapahi said that this could have happened only because of the timely intervention of BJP State President & MLA Sat Sharma, who understood the gravity of the situation and intervened in this matter by talking it with the Union Finance Minister Arun Jaitley and State Finance Minister Haseeb Drabu, appraised them of problems being faced by professionals and business community, who took the matter seriously and extended the date of filing ITRs to 31st December, 2016

“It is also pertinent to note that whenever this type of problem is faced, the BJP is the only party which takes the matter in hand and works to get the same resolved”, Deepak said and added that it has happened for the first time that seeing the plight of business community, any political party has intervened and got it resolved. He asked the people not to politicize this matter and cooperate business community in these days of turmoil in the Valley.

Expressing gratitude to Arun Jaitley, Sat Sharma and Haseeb Drabu for coming to the rescue of the businessmen of the state, Deepak Kapahi also urged upon for kind intervention in the matters of getting extension of filing of VAT Audit, Annual VAT returns and filing of revise returns of VAT for the financial year 2015-16