Latest news with #IncomeTaxDay
Hans India
5 days ago
- General
- Hans India
Income Tax Day celebrated at Viswam High School
Tirupati: As part of the nationwide observance of Income Tax Day, the Income Tax Department conducted a special outreach programme at Viswam High School, Jeevakona on Thursday. Dr K M Lakshman Kumar, Deputy Commissioner of Income Tax, Circle-1, Tirupati, along with his team, led the awareness campaign. The event began with a warm welcome from School Director N Viswa Chandan Reddy, followed by sapling plantation to promote environmental responsibility. Students were engaged through a PowerPoint presentation, video session and quiz competition on the importance of income tax in nation-building. Winners were felicitated with certificates. The Department also donated play kits and educational comic books to the school library. The event witnessed participation from over 100 students and was met with enthusiastic response.
Hans India
6 days ago
- Business
- Hans India
ALC celebrates Income Tax Day
Vijayawada: Commemorating Income Tax Day, Andhra Loyola College on Thursday hosted an insightful guest lecture on Income Tax, aimed at enhancing financial literacy among its students. The session was led by Assistant Director of Income Tax Dommeti Sridhar providing students with essential up-to-date financial knowledge directly from the Income Tax Department. The event also featured Manohar, an IIT Graduate, who emphasised that paying taxes is a civic duty akin to building one's family, underscoring its foundational role in national development. Vijay, an alumnus of Andhra Loyola College (ALC), highlighted the simplicity of online tax portals and the stability of current tax policies, encouraging seamless compliance. The overall objective of the session was to foster a 'Together for a Strong Nation' spirit among the youth. Discussions covered practical aspects of taxation, including popular tax deductions under Section 80C, the convenience of online taxpayer services, and the crucial link between Intellectual Property Rights (IPR) taxation and innovation. This comprehensive session empowered students with real-world knowledge vital for both personal financial management and active participation in nation-building. Approximately 200 students from the Commerce and BBA departments actively participated in the programme, demonstrating a keen interest in understanding their future financial responsibilities. Certificates were distributed to the prize winners as part of the celebration. Fr Kiran Kumar, Vice-Principal II year, Dr L Subha, Dean of Student Activities, Nirmala Rani, Head of the Department of Commerce and Durga Pavani, Head of the Department of Business Administration also participated.
Time of India
6 days ago
- Business
- Time of India
Income Tax Day observance programme held at Aaykar Bhawan in Kochi
Kochi: The state income tax department organised an Income Tax Day observance programme at Aaykar Bhawan in Kochi on Thursday. The function began with a one-minute silence, marking a respect for former chief minister V S Achuthanandan who passed away on Monday. Mohanlal was the chief guest. Income tax principal chief commissioner (Kerala & Lakshadweep) M Anil Kumar and director general (investigation) P Selvaganesh were also present. Mohanlal launched the state income tax department's official website. The sessions began with the screening of 'The Chairman Speaks', featuring a message from Central Board of Direct Taxes (CBDT) chairman. Selvaganesh delivered the opening address, highlighting the department's technological advancements and its citizen-centric approach. Officers and staff presented cultural programmes.
The Hindu
6 days ago
- Business
- The Hindu
Only one toll plaza to function on bypass road from Neelambur to Madukkarai from August 1
The Coimbatore district administration said on Thursday that only one toll plaza would function on the bypass road from Neelambur to Madukkarai from August 1. The road was taken over the National Highways Authority of India from the private concessionaire and it was collecting the toll on the stretch from June 1. From August 1, vehicles using the road would pay the toll only at one toll plaza near Madukkarai. A private consultant was preparing a report to widen the road and the report was expected to be ready in the current financial year, an official press release said. Income Tax Day celebrated The Income Tax Department celebrated 166th Income Tax Day at Sri Krishna College of Engineering and Technology in Coimbatore with the participation of senior officers from other departments, tax payers, tax professionals, and office-bearers of various trade associations of Coimbatore. Arun C. Bharat, Chief Commissioner of Income Tax, Coimbatore, presided over the event. The Chairman of CBDT explained in his address that was telecasted the role of the Department in drafting New Income Tax Act, 2025, smooth transition to new Income Tax Act, promoting tax payer services, role of department in curbing tax evasion and technological upgradation in department. Competitions were conducted to school and college students around Coimbatore and prizes and certificate of appreciation were distributed to the students during the function, according to a press release. Exporters participate at fair in the US As many as 20 textile and apparel exporters from Tiruppur, Karur, and Chennai are participating in the Texworld NYC 2025 exhibition that is going in the US till July 25. A press release from the Tiruppur Exporters Association said the Tamil Nadu government has put up a pavilion at the fair so that exporters of garments and home textiles from the State can display their products and interact with the buyers in the US. Recognition for Pad Man The GITAM University has conferred honorary Doctorate in Literature on Arunachalam Muruganantham, popularly known as Pad Man, for his contributions to menstrual hygiene and women's health. He is continuing his work particularly in conflict-affected and war prone regions. Discussions are also under way for a Hollywood adaptation of his story, and an official announcement is expected soon, he said in a press release. Pollution control solutions Coimbatore-based MAK India has developed and field-tested patented solutions for pollution of air, water, and soil, the company claimed. For sewage water pollution, it suggested an integrated technology from DRDO, CSIR, and MAK using Anaerobic Bio Digestion (ABD) along with hybrid sewage treatment plant using hydrodynamic cavitation and ozone polishing. For municipal solid waste management, it suggested burning of non-recyclable waste at more than 1000°C with no external fuel, recovering the heat energy for waste drying and biochar production. For industrial effluent, it suggested salt free dyeing that is developed by the SITRA.
Indian Express
6 days ago
- Business
- Indian Express
‘People are paying taxes out of confidence in govt, fear of non-payment': Gujarat CM
Gujarat Chief Minister Bhupendra Patel on Thursday said that people are now paying taxes with the confidence that the revenue is being used 'effectively' with government schemes 'reaching the most marginalised sections of society'. He also said the fear of strict action against non-payment has contributed to greater compliance. Businesses, he said, are also paying Goods and Services Tax (GST) because they are receiving the necessary support from the government and their enterprises are performing well. Patel was addressing a public meeting in Suigam village of Banaskantha district on Thursday, where he inaugurated and laid foundation stones for development projects worth Rs 358.37 crore. He made the remarks in the context of Income Tax Day. He said, 'Today is Income Tax Day… Today, many farmers have become income tax payers. Earlier, people used to run away from paying tax… Earlier, (people used to think that) when my neighbour is not paying the tax, why should I pay it… Now, people think that if the tax is not paid then it brings strict action. So, people pay the tax (also) with confidence that the income from tax is not only put to good use, but also that the benefit of government schemes has reached the most marginalised person. Its benefit has reached all.' Referring to GST, the CM said, 'The point is that when will the business class pay the tax? Will anybody pay tax just like that? One will pay the tax if the business is doing good and is earning well.' Without providing specifics, Patel said that Rs 2 lakh crore worth of GST had been collected in one month. 'The government is happy that it has made an income of Rs 2 lakh crore,' he said. 'If you want GIDC (Gujarat Industrial Development Corporation) and business, then it requires facilities like roads, water, and electricity. If all these facilities are available, then good businesses are established. And when you do well, then you pay tax. It is a whole chain. Nobody is paying tax just like that. He (a businessman) will pay the tax when he gets all the facilities,' the CM said. Patel was accompanied by Gujarat Assembly Speaker and Banaskantha MLA Shankar Chaudhary, state Industries Minister Balvantsinh Rajput, and others.
