CIT advises bankers to be vigilant on TDS
Chandigarh: “We had recently surveyed a few branches of different banks and observed that the Tax Deduction at Source (TDS) on interest income on several crores of fixed deposits, have been over looked by the deductors,” said Y K Singh, IRS, Income Tax Commissioner (TDS-1), Chandigarh in the meeting held with Bank Heads of North Zone organised by PHD Chamber of Commerce and Industry in association with the Department of Income Tax here. More than sixty senior executives from 40 different Nationalised and Private Banks from across the Northern Region including Chandigarh, Punjab and J&K attended the meeting. Singh advised banks to deduct tax in cases where the depositors have submitted Form 15G and the interest income exceeds the basic exemption limit.
PAU TO ORGANISE KISAN MElA
Chandigarh: Punjab Agriculture University, ludhiana has planned to organize a one day Kisan Mela at Krishi Vigyan Kendra Rauni Farm (Patiala) on March 11. A spokesperson of the Agriculture Department said that different department would display 138 stalls in this Kissan Mela exhibition. likewise, women would get an opportunity to exhibit their skills in house-keeping activities, like knitting, stitching and other such hobbies. The spokesperson further said that competitions would also be arranged among the women in these activities. During this Mela, PAU experts would apprise the farmers about the latest techniques in the agricultural as well as other related activities. Quality and certified seed of Kharif crops, vegetables and sampling of fruits would be supplied to the farmers during this Mela, said the spokesperson.
Occupation certificaTES FOR Building Societies
Chandigarh: UT Administration has decided to issue the Occupation and Completion Certificates to the different Cooperative House Building Societies in Sectors 48, 49, 50 and 51, Chandigarh after relaxing and charging the necessary compounding fee, as per rules, on minor violations made by the different House Building Societies in these Sectors. This was done in the backdrop of decision taken by Sarvjit Singh, Finance Secretary-cum-Chief Administrator, U.T., Chandigarh in the meeting held with Prince Dhawan, Sub Divisional Magistrate (Central)-cum-Assistant Estate Officer, U.T., Chandigarh, and officials from the Department of Cooperative Societies and Building Branch of Estate Office. The Occupation and Completion Certificates will only be issued on the basis of requests received from the President/Secretary of the concerned House Building Societies and after relaxing and charging the necessary compoundable fee, as applicable. The exercise will be completed in a time-bound manner.
This step will bring respite to multiple societies that were facing problems with completion certificates and whose residents had to pay higher charges for utility services. The office shall ensure time bound disposal of Occupation Certificates of various societies in terms of the instructions issued”.
Welspun Renewables expands its solar portfolio
Chandigarh: Welspun Renewables has expanded its solar capacity in Punjab by 4 MW (AC). The latest addition comes close on the heels of its 32 MW (AC) Bathinda solar project. Committed to facilitating Punjab’s green energy transition, the two projects combined together will be annually feeding 54.37 million units of clean energy to the grid. Consequent to this, Welspun Renewables will be offsetting 1,481,525 tonnes of CO2 emissions over the next 25 years.
Inauguration of Andhra Bank, Sec-22 C Chandigarh
Chandigarh: A Venu Prasad, Punjab Principal Secretary, Department of Power and Managing Director, Punjab Infrastructure Development Board has inaugurated Sector-22 C Chandigarh Branch of Andhra Bank. Andhra Bank, a public sector bank has a pan-India presence with 2778 branches & 3466 ATMs/ BNAs/ CRs. Total delivery channels are 6200 plus with two Representative (Overseas) Offices at Dubai (UAE) and New Jersey (USA). The bank has total business of over Rs 3,05,770 crores. Chandigarh zone covers the states of Haryana, Himachal Pradesh and the UT of Chandigarh. Andhra Bank now has 78 branches in Haryana, 75 branches in Punjab states, & 25 branches in Chandigarh Tri-city.D