Kumar: tax collection not up to mark in Mangalore

March 27, 2012

it-collection

Mangalore, March 27: The city now has an “Aaykar Seva Kendra” (ASK), a one-stop-shop computerised facility providing all taxpayers services as described in the Department's “Citizen Charter”, B.S.N. Prasad, Commissioner of Income Tax, Mangalore, has said.

He was speaking after K. Satyanarayana, Chief Commissioner of Income Tax, Bangalore, and Cadre Controlling Authority, Karnataka and Goa, inaugurated the Kendra here.

He said the Kendra had a front office with trained IT personnel, an information kiosk and Internet. Taxpayers could fill and file IT returns and other applications, ascertain permanent account numbers (PAN), check credit status for tax deducted at source (TDS), and access it for redressal of grievances. Its aim was to promote voluntary tax compliance through improved taxpayer services. There were 60 kendras in the country. Mangalore was identified by Union Finance Minister in his 2011 budget speech as one of 17 centres for setting up a kendra in the current financial year, Mr Prasad said.

Ananthakrishna, Chairman of Karnataka Bank, said that it was now possible to make online payments of advance tax from the kendra.

Dilip Kumar, Chief Commissioner of Income Tax, Panaji, who presided over the function, said that the kendra was for those who paid their taxes and not for tax evaders. “Services we have for the tax-compliant. For tax evaders, we have regulated machinery to check tax evasion,” he said.

Mr. Kumar said that this year had been difficult for the department in collecting taxes. With rising interest rates putting pressure on margins, tax collections had been affected. While tax collections in the country had increased by 10 per cent, collections in the Bangalore region rose by 15 per cent. “But in Mangalore, we have been doing badly,” he said. In the personal IT collection from Mangalore, the department collected Rs.300 crore, paid Rs. 400 crore as refund, leaving Rs.100 crore as outstanding. With corporate income tax, the same happened last year too, he said. There were cashew, fishing, and education businesses which should reflect in the economy. “Collection is not up to the mark,” he said. He told presspersons later that the department would “catch people who don't show the income in their accounts”. While smaller taxpayers paid, large taxpayers found reasons not to pay their taxes.

He said the department would follow up on property dealers, who were not returning the due cash. “From where (is) the money is coming? Buildings are sold also so where is the profit going? Mangalore needs a lot of hard work,” he said.

He said that the beedi and jewellery industries paid their taxes. The city had 50 individuals who paid more than Rs.1 crore as tax, he said.

The department wanted to increase enforcement so that it was tough for tax evaders and provide facilities to small taxpayers.

“We know how to deal with tax evaders....we want our due taxes,” he said.

Mr. Satyanarayana said that the reason for the low corporate tax collection in Mangalore was that this year, some banks, especially public sector banks, had not paid their taxes. The overall decline of economy was another reason, he said.

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News Network
July 2,2020

Mangaluru, Jul 2: Mangaluru BJP Corporator Manohar Shetty, who entered a manhole to clean a drain, said that he did it to avoid waterlogging ahead of monsoon as people were facing several problems for the past few years.

"In my ward, there is a rainwater drain at Kadri Kambla junction and for the past few years, there was a waterlogging problem due to trash water used to collect and vehicles used to find it difficult to pass in that area," Shetty said.

"Since there was a lot of trash it had to be cleared to avoid waterlogging. We changed our dresses, and then I along with my three party workers entered manhole and cleared the trash," he said.

The Mangaluru BJP Corporator further said that it was not a publicity stunt, and he cleaned the drain to solve the problem of people. "During elections, I had promised people to get the drain cleaned. Since monsoon was coming; something had to be done; we did not do it for publicity but to solve a problem," he said.

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News Network
July 25,2020

Dubai, Jul 25: The founder of NMC Health, BR Shetty, has had a worldwide freezing order placed on his assets at the request of a lender that claims he has defaulted on a loan of more than $8 million (Dh29.4m).

The order was granted to Credit Europe Bank (Dubai) last month ahead of a claim filed at the DIFC Courts against Mr Shetty, New Medical Centre Trading and NMC Healthcare.

The lender said in its claim they “are jointly and severally liable” for the repayment of money initially secured through a credit agreement in December 2013 and renegotiated in December last year. Credit Europe Bank is an Amsterdam-headquartered institution specialising in trade and commodities finance with operations in nine countries.

The credit agreement was guaranteed by two security cheques which the bank said in its claim were signed by Mr Shetty – one drawn on his personal account and another on the account of New Medical Centre Trading – that have been "dishonoured upon presentation due to insufficient funds".

The bank claimed Mr Shetty “has now fled the jurisdiction of the UAE to India” and that there was a risk of his “substantial” assets in the Emirates being dissipated.

The assets frozen include properties in Abu Dhabi and Dubai, as well as shares in NMC Health, Finablr, BRS Investment Holdings and other companies. It allows for up to $7,000 per week to be spent on “ordinary living expenses and reasonable sum[s] on legal advice and representation”, a DIFC Courts document granting the freezing order shows.

Credit Europe Bank declined to comment when contacted by The National, stating it does not comment on ongoing litigation proceedings. Representatives for Mr Shetty and for NMC Healthcare, which is now being run by administrators Alvarez & Marsal, also declined to comment.

NMC Healthcare was founded by Mr Shetty in 1975 and grew from a single hospital into the UAE’s biggest privately-owned healthcare operator, which employed 2,000 doctors and 20,000 other staff. The company was listed on the London stock exchange and at its peak was valued at £8.58 billion (Dh40bn). However, its shares slumped after short seller Muddy Waters Research issued a report in December 2019 alleging the company had inflated its cash balances, overpaid for assets and understated its debts. This led to a string of damaging revelations by the company, including the fact that its debt was materially higher – at $6.6bn – than the $2.1bn on its balance sheet. NMC Healthcare was placed into administration in April by its biggest creditor, Abu Dhabi Commercial Bank, but its UAE businesses continue to trade as a going concern.

Mr Shetty said in a statement issued in April that he has been a victim of fraud committed by "a small group of current and former executives” at companies owned by him. He said bank accounts were created in his name and transactions were made without his knowledge, and that loans, cheques and bank transfers were also fraudulently guaranteed in his name using his forged signature.

In response to the claim filed by Credit Europe Bank (Dubai) at the DIFC Courts, Mr Shetty says he did not personally guarantee loans made to NMC Trading or NMC Healthcare and that the signatures used on cheques guaranteeing the loans are forgeries. His defence cites the opinion of “Dr Al Bah, an independent, experienced and qualified forensic document examiner”, that someone other than Mr Shetty signed the lending agreements and cheques.

An application by NMC Trading and NMC Healthcare to the DIFC Courts to have the claim against it heard in private for fear of triggering claims by other lenders – the group owes money to around 80 local, regional and international lenders – was dismissed, given that the appointment of administrators at the group and allegations of fraud at the company are already in the public domain.

Both companies have indicated to DIFC Courts that they intend to contest the claim against them.

Comments

UAE Muslim
 - 
Sunday, 26 Jul 2020

give money to RSS now to kill muslim....GOD will turn the table for moran like you BR,...shamed of tulu guy cheated the UAE govennment...not root in hell

ANONYMOUS
 - 
Saturday, 25 Jul 2020

amount should be 8 billion dollar and not 8 million dollar

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News Network
March 25,2020

Thiruvananthapuram, Mar 25: Kerala Chief Minister Pinarayi Vijayan on Tuesday said that strict action will be taken against overpricing and hoarding of essential items during lockdown period in the state.
Speaking to media persons here, he said: "Today 14 new cases of COVID-19 have been reported taking the total number of cases to 105 (excluding four discharged) in the state."
"Out of this, six are from Kasaragod district, two from Kozhikode, eight have returned from Dubai, one each from Qatar and UK; and three have got infected from a mutual contact. One health worker is also suspected to be on the list," he said.
A total of 72,460 people are under observation in the state out of which 71,994 are in isolation in their homes and 466 in hospitals. Today 164 people were hospitalised. 4,516 samples were sent for testing out of which 3,331 have tested negative.
Chief Minister Vijayan said that people should take the lockdown seriously and strictly adhere to government instructions.
"All personal vehicles should strictly be off the road. Taxis and autos can only be used for emergency purposes. People using personal vehicles should give self-declaration giving details about the purpose of the journey. Police action will be taken against those giving false information or found misusing personal vehicles," he said.
The Chief Minister today interacted with the MLAs from Kasargod through audio conferencing and asked them to co-ordinate the activities there along with the Panchayat president.
"Special attention should be given to the elderly, homeless, specially-abled in the state and local self-government institutions should take effort to arrange food and shelter for the needy. Apart from medicines, those in isolation would also be given counselling if required," he said.
He also urged the youth to come forward in volunteering during this difficult time. They can volunteer as bystanders in hospitals and help in other places too.
The Chief Minister also informed that the testing facilities at Central Universities in Kerala, IISER in Trivandrum and MIMS, Kozhikode can be used.
"All MLAs are working in their respective constituencies and they should make the effort to identify places that can be used as regional isolation centres, as and when required," said Vijayan.

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