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Amritsar region leads income tax collection
According to reports, Amritasar region, which includes Jammu and Kashmir and other 18 revenue districts of Punjab, registered an increase of 15 per cent against their targets fixed by the Central Board of Direct Taxes
IN SPITE of the economic meltdown, it is indeed heartening that Amritsar region zone, including J&K and other 18 revenue districts of Punjab, leads the income tax collection according to Sunil Chopra, Chief Commissioner of Income Tax of the Amritsar region. The region registered an increase of 15 per cent against their targets fixed by the Central Board of Direct Taxes.

According to statistics, Amritsar region has collected Rs 668.16 crore, an increase of 13.5 per cent against the target of Rs 589 crore, while the TDS collection also zoomed to Rs 540.50 crore against the target of Rs 460 crore -an increase of 17.5 per cent.

Chopra further added that Jammu and Kashmir has recorded the highest income tax collection in the Amritsar region during the financial year 2008-09. During 2006-07, the total income tax collection, including tax deducted at source (TDS), was Rs 199 crore from the J&K, which has doubled to Rs 451.81 crore in 2008-09.

He said that the major contributor was the J&K Bank Ltd with a contribution of Rs 192 crore, while Jammu-based Sun Pharma added Rs 100 crore to the IT kitty during the last fiscal. Chopra further added that the accounts of Improvement Trust Amritsar has been sealed for the recovery of 7 to 8 crore. But due to technical difficulties, the recovery of same is still pending.

He further said during the year, unaccounted income of Rs 56.3 crore was detected during 102 surveys and searches conducted by the department. He said during the raids in the north-west region, comprising of Punjab, Haryana, Himachal Pradesh, Jammu and Kashmir and Chandigarh, the IT department has recorded unaccounted income of Rs 383 crore, an increase of Rs 160 crore, against the previous financial year.

Furthermore, the number of IT returns filed in this region have gone up to 5,66,138 against 5,50,086 filed last year. DP Sharma, CCIT-2 further said that 72644 E-Returns has been filed and 175 complaints out of 194 complaints registered have been disposed off.

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