Tuesday, March 22, 2011

Income Tax & Citizens

    It is the responsibilities and liabilities of every citizen whether he/she is individual (salary class) or business men to file income tax on time with true information as money collected goes into the development projects of the nation. In the past it have seen that people feel scared at the time when they have to visit the income tax department because of tedious, bulky & lengthy process and formalities but off late now income tax department has also taken the help of technology and anybody can file income tax returns through internet, infect now its mandatory to file income tax returns online for business houses and soon as per reports individual will also be included to file online income tax returns. Income Tax department with the help of media and campaign making public aware that it is now very easy to file income tax returns that is why it is called saral and if details of income tax tally with the department then in case income tax payees entitle for refunds then within stipulated time that is ninety days he/she will get the cheque in there bank accounts, but it can be delay if details of income tax payees differs from the department. Beside other plus points of filling income tax, payees get confidence and if he/she needed loan at any time then without any problem he/she will gets the loan from the bank.
   Income tax department often runs campaign in the country to alert and aware public to file there income tax as failure of it not only entitle for monetary penalty but can also send to jail. In India help of technology by different departments are not utilize fully, thus individual or businessmen have to pay there income tax returns by self, and in case income tax department find any differences on to the income tax payees returns and there records then there team visit the concerned business institution to conduct survey and at the time of survey team is associated by police personals and they have not more role to play at the time of survey other then to give security to the team, but with the presence of team at there premises it make business house scared, as per words of experts related to the term of ‘survey’ its simple and straight forward answer is if irregularities found in any business house’ past two years income tax returns then it can be rectify by paying the tax. In today’s era there is no need to visit the income tax department personally as department has made it mandatory for business houses’ to file income tax online plus soon individual will also included in the list, if anybody submit request letter then with the help of internet he/she can get information about the status of his/her request. Income tax department has launch scores of schemes for the benefits of small income tax payees but along with it there is very harsh law for the defaulters so it is the liabilities of every citizens of the country to step ahead on time with correct information and file income tax as it will not only make them confident but at the time of need of money will get loan easily. In the past public scared to visit income tax department but now they feel proud to be income tax payees as income tax returns made simple plus they get immediate returns, along with it they need not to visit department.
   It’s the liabilities of every citizens to file there income tax on time and with correct information’s as money collected goes into the development projects plus they are entitle to get the money back in stipulated time of three months. For further information related to income tax department enthusiast can log on to there site –
                                         http://www.incometaxindia.gov.in/

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WELCOME n Thanx for yourgoodself's valuable thoughts, certainly for me these words are Gem and will give me direction.........Nartan Gulal