Jammu: The Jammu Chamber of Commerce and Industry (JCCI) on Wednesday said business and economy are at their worst in Jammu and Kashmir and reiterated its demand for early restoration of internet connectivity in the union territory.
JCCI also sought extension of dates for filing all sorts of income tax returns up to the end of the current financial year.
A delegation of JCCI, led by its president Rakesh Gupta, raised the demands during an interaction with Principal Commissioner of Income Tax Mona Singh, who conveyed her serious concerns about drop in non-filing of income tax returns, false claims for refund in lieu of TDS, sale and purchase of land through cash transactions and non-payment of tax on capital gains, JCCI said in a statement here.
Gupta pointed out that because of the prevailing law and order situation, the business and economy are at their worst and the same should not be ignored while considering tax collection targets, it said.
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