Income Tax Dept cautions Government Servants to File Income Tax Returns within Due Date [Read Circular]

The Income Tax Department, Chennai has asked all the Government Officials to file their income tax returns and pay tax within the due date, i.e., 31^st July 2018. This is in the light of the fact that more than 50% of the Government Servants at Chennai are not filing their income tax returns.

“I hope, you will agree that as government servants, we should abide by laws and to be role models to the common citizens of our country. If we, Government servants ourselves are violating law by not filing our income tax returns, we don’t have any moral right to blame other sections of society..!,” P N Devadasan, IRS, Principal Commission said in his letter.

All the salaried employees have to file their returns of income for the Financial Year 2017-18 (Assessment Year 2018-19) on or before 31-07-2018 in failure of which, tax payers shall mandatorily have to pay late fee amounting between Rs.1,OOO to Rs.10,OOO as per the provisions of Section 234. Also, a penalty of Rs 5,OOO will also be imposed under section 271on them. In addition to this, late filing/ non-filing would also result in prosecution and punishment of imprisonment upto three to seven years.

“Therefore, I request you to kindly intimate and advice all the employees to whom the gross salary paid in the last year is more than Rs. 2,50,000 to file their returns of income before 31.07.2018. it may also noted that all incomes earned by an employee such as rental income (including subletting of house/s), interest incomes, dividend from Co-operative societies and all such incomes should be declared in their returns of income. later, if found to have omitted any such incomes, they are liable for separate penalty and prosecution for concealing those incomes,” he said.