162nd Income Tax Day was observed in Coimbatore today. Former Chief Justice of the Supreme Court Sathasivam graced the function. As part of the program, companies paid higher income taxes were honored.
"If we pay tax to the government, tomorrow the government will return it to us through various schemes. All tax payers need to understand this" - Former Chief Justice of the Supreme Court Sathasivam
Nationwide.National Income Tax Day was observed today. In 1860, Sir James Wilson, the first Finance Minister of British India, introduced the first income tax scheme on June 24, 1860.
National Income Tax Day is observed on 24th July every year since 2010 after the 150th anniversary of the introduction of Income Tax system.
Accordingly, the 162nd Income Tax Day was observed in Coimbatore today. Former Chief Justice of the Supreme Court Sathasivam graced the ceremony held at the private college campus in Nava India. Chief Commissioner of Income Tax, Coimbatore, Bhoopal Reddy presided over the function.
Speaking on the occasion, former Justice Sathasivam said: "The income tax department is carrying out the main task of generating revenue for the government. In accordance with the changing times, they are implementing various creative projects. Due to this, the income department is maintaining a very good development.
The Income Tax officials should not only pay attention to the collection of tax, but also bring to the attention of the central government officials the problems faced by the industrialists, especially the small, micro and medium industries in paying taxes.
Due to the spread of the 'Corona' disease, micro, small and medium industries have been severely affected. To protect entrepreneurs from such problems in the future, a small amount should be created as 'Corpus Fund' from the income tax they pay, and through this, steps should be taken to help the business sector in times of emergency like disaster.
On Income Tax Day, we want to thank all the tax payers in the country. Honest tax paid by everyone is the main reason for the development of the country. Today, if we pay tax to the government, tomorrow the government will give it back to us through various schemes. All taxpayers need to understand this," he said.
As part of the function, the companies from Coimbatore who paid the highest income tax were honoured. Sri Krishna Institutions Director Malarvizhi, KPR Group's Nataraj,Srinivasan of Emerald Group, Lakshmanan of Shanti Feeds, Dr. Lakshmanan Managing Director Gem Hospital, Palanivelu of East Man Exports, Nachimuthu Chandran of Pallava Group, Ambika Cotton Mills, LG Group of Companies, Sakthi Sugar Company, GKNM Hospital's cardiac surgeon Rajavelu and others were felicitated on the occasion.
Nationwide.National Income Tax Day was observed today. In 1860, Sir James Wilson, the first Finance Minister of British India, introduced the first income tax scheme on June 24, 1860.
National Income Tax Day is observed on 24th July every year since 2010 after the 150th anniversary of the introduction of Income Tax system.
Accordingly, the 162nd Income Tax Day was observed in Coimbatore today. Former Chief Justice of the Supreme Court Sathasivam graced the ceremony held at the private college campus in Nava India. Chief Commissioner of Income Tax, Coimbatore, Bhoopal Reddy presided over the function.
Speaking on the occasion, former Justice Sathasivam said: "The income tax department is carrying out the main task of generating revenue for the government. In accordance with the changing times, they are implementing various creative projects. Due to this, the income department is maintaining a very good development.
The Income Tax officials should not only pay attention to the collection of tax, but also bring to the attention of the central government officials the problems faced by the industrialists, especially the small, micro and medium industries in paying taxes.
Due to the spread of the 'Corona' disease, micro, small and medium industries have been severely affected. To protect entrepreneurs from such problems in the future, a small amount should be created as 'Corpus Fund' from the income tax they pay, and through this, steps should be taken to help the business sector in times of emergency like disaster.
On Income Tax Day, we want to thank all the tax payers in the country. Honest tax paid by everyone is the main reason for the development of the country. Today, if we pay tax to the government, tomorrow the government will give it back to us through various schemes. All taxpayers need to understand this," he said.
As part of the function, the companies from Coimbatore who paid the highest income tax were honoured. Sri Krishna Institutions Director Malarvizhi, KPR Group's Nataraj,Srinivasan of Emerald Group, Lakshmanan of Shanti Feeds, Dr. Lakshmanan Managing Director Gem Hospital, Palanivelu of East Man Exports, Nachimuthu Chandran of Pallava Group, Ambika Cotton Mills, LG Group of Companies, Sakthi Sugar Company, GKNM Hospital's cardiac surgeon Rajavelu and others were felicitated on the occasion.