Interactive session on tax exempted entities held

Senior officials of the Income Tax Department led by Principal Chief Commissioner of Income Tax (Exemptions) successful New Delhi Debjyoti Das participated successful an interactive league held present connected Friday with members of the Tax Bar Association of Andhra Pradesh and Telangana and trustees arsenic good arsenic representatives of assorted taxation exempted entities.

Various issues pertaining to caller registration process for specified entities, re-registration connected completion of 5 years of registration, caller exemption provisions related to specified income, anonymous donations, cancellation of registration, levy of exit taxation and merger of the entities were discussed, the organisers said successful a release.

Common mistakes that hap portion filing the returns, process for filing rectifications and the owed dates, on with consequences of delayed filing, were besides discussed.

Mr. Das advised each stakeholders to adhere to the prescribed timelines to debar immoderate unwanted demands. He urged the assessees oregon auditors to punctuation close PAN, usage close ITRs, regularly entree the e-filing portal arsenic good arsenic email IDs and mobile numbers registered with the I-T Department to guarantee compliances.

All applicants who filed Form 10AB should taxable the replies successful the fixed format wrong the clip specified successful the questionnaire issued, portion processing the applications, helium said.