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JK sees 95% increase in tax collection since 2010

Mudassir Kuloo

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Srinagar, Nov 11: The Income Tax Department has recorded an increase of 95 per cent in tax collection in Jammu and Kashmir in the past eight years.

According to Central Board of Direct Taxes (CBDT) data, Rs 1,302 crore has been recovered by the Income Tax Department from assesses during the financial year 2017-18.

The direct taxes collection has increased from Rs 711 crore in 2010-11 to last year’s Rs 1,302, implying an increase of 95 per cent, the data reveals. During 2016-2017, Rs 1091 crore tax was recorded in the state.

 

An official of the IT Department said they have started a vigorous campaign to create awareness of filing I-T returns among the people.

Direct taxes constitute income taxes, corporate taxes and other taxes collected by the CBDT across the country.

At the same time, the income tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the CBDT data says.

The data says that there is a constant growth in direct tax-GDP ratio over last three years in India and the ratio of 5.98% in FY 2017-18 is the best DT-GDP ratio in last 10 years.

There is a growth of more than 80% in the number of returns filed in the last four financial years from 3.79 crore in FY 2013-14 (base year) to 6.85 crore in FY 2017-18, it says.

The number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18.

There has been continuous increase in the amount of income declared in the returns filed by all categories of taxpayers over the last three Assessment Years (AYs). For AY 2014-15, corresponding to FY 2013-14 (base year), the return filers had declared gross total income of Rs.26.92 lakh crore, which has increased by 67% to Rs.44.88 lakh crore for AY 2017-18, showing higher level of compliance resulting from various legislative and administrative measures taken by the government, including effective enforcement measures against tax evasion.

The total number of taxpayers (including corporates, firms, HUFs, etc.) showing income of above Rs. 1 crore has also registered sharp increase over the three-year horizon.

 


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Upcoming snow spell: Avalanche warning issued for Kashmir, Ladakh districts

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Srinagar, Jan 19: Kashmir areas experienced fresh snowfall on Saturday, with the weather office forecasting more in store for the next three days.
“A western disturbance (WD) is presently active over the state under whose influence moderate to heavy snowfall is likely to occur in the valley till January 23 after which the intensity of the WD will start decreasing,” a Met Department official said here.
District administrations have set up helplines to help prevent any untoward incident due to the heavy snowfall.
Meanwhile Divisional Commissioner Kashmir, Baseer Ahmad Khan Saturday issued fresh avalanche warning for nine avalanche prone districts of Kashmir division.
The warning has been issued for the avalanche-prone areas of district Anantnag, Kulgam, Budgam, Baramulla, Kupwara, Bandipora, Ganderbal, Kargil and Leh.
As per the hand out, the Divisional Commissioner Kashmir has directed the Deputy Commissioners of all these districts to advise the people living in avalanche prone areas not to venture out to avoid the loss of lives.
The Div Com also directed the concerned DC’s to take all the precautionary measures and to keep the SDRF, Police and Para-medical staff with ambulances in readiness to avert any untoward incident.
While the nightlong cloud cover increased minimum temperatures throughout the valley on Saturday, the maximum temperatures are expected to drop further, the weather official said.
Srinagar recorded minus 2.0 degrees Celsius, Pahalgam minus 4.4 and Gulmarg minus 7.0 as the minimum temperatures.
Leh town had minus 9.2 degrees Celsius and Kargil minus 18.9 as the night’s lowest temperature.
Jammu city recorded 8.3 degrees Celsius, Katra 9.1, Batote 3.9, Bannihal 2.3 and Bhaderwah 1.3 as the minimum temperatures.

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UN clearly did its job: Guterres on Kashmir human rights report

Agencies

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United Nations: United Nations Secretary General Antonio Guterres on Friday hoped that India and Pakistan will engage in a “meaningful dialogue” to resolve their issues.
The UN chief also said he has been offering his “good offices in relation to the dialogue between the two countries that, until now, had no conditions of success.”
Guterres was speaking to reporters at the UN headquarters in New York.
“I hope that the importance of both India and Pakistan is such in international affairs, I hope that the two countries will be able to engage in a meaningful dialogue,” he said.
The UN chief was responding to a question on his repeated urging of dialogue between the two South Asian neighbours.
In relation to the human rights situation, the Office of the High Commissioner for Human Rights has produced recently a very detailed report. So, the UN has clearly done its job in that regard, Guterres said to a question by a Pakistan journalist on the situation in Kashmir.

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Day after grenade attack, forces conduct search op in Lal Chowk

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Srinagar: A joint search operation was launched by the forces and police in the commercial Hub Lal Chowk area of Srinagar on Saturday.
The search came a day after the grenade attack took place in the locality, which left a vehicle and windowpanes of some shops damaged.
Witnesses said that a large contingent of police and paramilitary troopers were deployed near the Clock Tower here while the frisking was also intensified.
They said that drones too were used during the operation.
However, a top police official said that it was a routine exercise ahead of upcoming Republic Day.

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