NEWS

Wednesday, 13 March 2019

Northeast, India Still Need To Be Made More Aware About Benami Transaction



During the technical session at the recently held media workshop under  BTC in Bodoland recently, the Addl. Commissioner, Income Tax, Guwahati Anil Bhardwaj highlighted how essential it is for the normal  tax payers who go without notice on prohibition act of income tax division of the state.


'The Benami Transactions’ introduced in 2016 about Prohibition Amendment Acts is in obligation to taxpayers including rest in particular transactions and transaction reporting indulgences.


Since northeast region is still not awaken to various new transaction prohibitory act with stiff penalties attached, especially during cash transact, it is time to create more similar effective press platforms like Vartalap media workshop  in Assam to bring awareness on complex matter like tax in Tribal segment zones.


Income tax official had highlighted that the media is the best medium to educate and bring awareness on the much sided matters on section 10(26) of Income-tax Act plus Direct and Indirect Taxation and TDS to the overall tax payers.  

NEIC: SUMI BORA



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