Stating that there is a thin line between friendliness and professional ethics, principal chief commissioner, Income Tax Department for UP (west) and Uttarkhand, PK Gupta called for tax professionals to refrain from practices that can be construed as corrupt
Noida: PK Gupta, principal chief commissioner, Income Tax Department, who heads Uttar Pradesh (west) and Uttarakhand region said that people will sooner or later be called upon to explain each of their investments.
The Income tax Department has reportedly set up a huge database of all citizens and non-payment of taxes and holding unaccounted income will not reap benefits.
Gupta was speaking as a chief guest at an outreach programme on creating awareness about TDS and TCS provisions under the Income Tax Act 1961 and apprising the arrear position to government departments, educational institutions, and development authorities in which he said, "Sooner or later, you are going to be called upon to explain each of your investment."
Gupta also urged tax professionals to refrain from practices that can be construed as corrupt and maintain professional ethics and commitment while dealing with the Income Tax Department.
"Tax professionals and assesses should understand that there is a very thin difference between friendliness and professional ethics,” he said.
He appealed to citizens to abstain from fabricating facts and distorting evidence.
He also assured that the Income Tax officials will not punish those who are innocent.
According to an ANI report, the projected target in this financial year for tax collection in UP (west) and Uttarakhand is Rs 35,979 crore.
Marking a growth of 22.68% over the previous year, the tax collection for the last year was Rs 29,099 crore against the target of Rs 28,855 crore from 39 lakh taxpayers.
Gupta said that the department intends to add 6.6 lakh taxpayers in these regions.
With ANI Inputs
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.