Visakhapatnam: In a proactive move to educate and inform stakeholders, an awareness session on income tax TDS (Tax Deducted at Source) provisions was recently organized at the SEZ (Special Economic Zone) developer units within the Visakhapatnam Special Economic Zone (VSEZ).

The session, held on a Monday, saw the participation of key figures from the Income Tax Department, including Additional Commissioner of Income Tax, TDS Range Kollipaka Srinivasu, and Deputy Commissioner of Income Tax, TDS Circle – 1 Y Vishnu Vardhan Reddy.

These officials took the opportunity to elucidate the nuances of TDS provisions and underscored their significance in contributing to the nation's development.

Joint Development Commissioner of VSEZ, K Roshini, lauded the efforts of the Income Tax Department in proactively disseminating information about various sections related to TDS. She also urged all units operating within the SEZ to diligently adhere to the provisions outlined in the Income Tax Act of 1961.

The session garnered substantial participation from the SEZ community, with Income Tax Officer G Ravi Shankar, Income Tax Inspectors P V Ramesh and P Uma Maheswara Rao, and Senior Tax Assistant Ch Bhavannarayana also in attendance. Approximately 100 representatives from various SEZ units actively engaged in the informative session.

This initiative reflects the commitment of the Income Tax Department to enhance awareness and compliance among taxpayers. By fostering a better understanding of TDS provisions, the department aims to contribute positively to the nation's fiscal framework while ensuring that businesses and individuals fulfill their tax obligations responsibly.

For More Updates: Follow Us https://www.instagram.com/hellovizag.in/