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Showing posts from February, 2014

New Income Tax Rules – Submission of false Aadhaar number may be fined Rs. 10,000

As it is well known that the income tax department has allowed Aadhaar card holders to use the biometric id number in lieu of the Permanent Account Number (PAN). But as per new provision of Income Tax, fine of Rs. 10,000 may be levied in case of wrong Aadhar Number. As per the latest amendments in the Finance Bill 2019, not only allowed people to use Aadhaar in lieu of PAN but also introduced a penalty for giving a false Aadhaar number. However, the new penalty rules are applicable only in cases where you are using Aadhaar in lieu of PAN and where quoting PAN is mandatory according to the income tax department rules. It is well known that although Aadhaar is issued by the Unique Identity Authority of India, yet the fine is not imposed by UIDAI but by the income tax department. Under Section 272B of the Income Tax Act, 1961, the department can impose a penalty in case of default in complying with provisions relating to PAN, i.e., failure to obtain, quote, or authenticate PAN.
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Allocation for all regions and Directorates finalized : Chairperson

Today the retiring chairperson released her  farewell  message. She has stated the status of ongoing CR proposal. Read the relevant portion of retired chairperson as under : "Dear friends, when I took over as the Chairperson of the Dept. in June,2013, one of the biggest challenges that faced the Dept. was to implement the new cadre restructuring whereby 20751 new posts at all levels were added to the department. Like ITian India on Facebook
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Cadre Restructuring of Income Tax : Secrtary General, ITGOA writes letter to CBDT

While the employees of Income Tax Department are waiting for finalization report of CR proposal, t he new elected Secretary General of ITGOA writes letter to Chairperson, CBDT to hold the meeting of JCA before finalization of Cadre Restructuring final proposal. The full contents of the said letter is as under Like ITian India on Facebook
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Indefinite Strike immediately after election : Confederation

A mass dharna was conducted at Jantar Mantar (Parliament Street) New Delhi by Confedereation of Central Government Employees & Workers to  protest against the negative attitude of Government towards the 15 point charter of demands of the Central Government Employees. Read the contents  of publication of  Confederation of Central Government Employees & Workers as below: 
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CR of IT : Meeting is continue till date

It is learnt from the reliable sources that the Chairperson and Member(P) met the leaders of ITEF yesterday and discussed the issue related to cadre restructuring proposal. The meeting will coninue till the end of final agreement. It is also learnt that if the issues are not resolved, the ITEF will be forced to revive the suspended agitation as decided earlier. Like ITian India on Facebook
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Cabinet approved terms of reference for 7th CPC

In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Cabinet approved terms of reference for seventh pay commission. This includes merging dearness allowance above 50 per cent with basic pay. Currently DA is around 90 per cent of basic pay and another hike of 10 per cent is expected soon. DA is calculated on the basis of change in retail inflation. Source : The Hindu Like ITian India on Facebook
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Government Employees to file separate property returns : Lokpal

As per the new Gazzete Notification issued by DOPT, all government employees have to file revised declaration, information or return of their liabilities and those of spouse and their dependent children as per the mandatory requirement under the Lokpal regime. Like ITian India on Facebook These declaration would be different from the existing such return being filed by the government employees under various service rules. View the Gazette Notification here
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CR of Incocome Tax: Conclusion regarding allocation of posts next Week, ITEF's New Circular

As per the new circular issued by ITEF, Chairperson informed ITEF representatives that the discussion regarding allocation of posts is still not concluded and the same may be finalized in the next week. After the assurance of the Chairperson, the ongoing non cooperation movement is suspended for the time being. The full contents of the ITEF's Circular as under: Like ITian India on Facebook
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Press Statement of Confederation regarding strike

As per the report received at the Central Head Quarters of the Confederation, near about 13 lakhs Central Government Employees have commenced the two day strike from Midnight of 11th Feb. In 2014. For 48 hours. The Strike action will continue upto the midnight of 13th Feb. In 2014. The functioning of the Government in the Postal, Income tax, Civil Accounts, Ground water Board, Botanical Survey of India, and many other organisations have been totally paralysed as in these departments, the offices could not even be opened. In all other Departments of the Government of India viz. the Printing and Stationery, Indian Audit and Accounts Department, Atomic Energy Commission offices, Custom & Central Excise, Defence Accounts, Indian Bureau of Mines, Geological Survey of India, other Survey of India organisations and offices, Census, the work has been paralysed. The strike action became necessary due to the refusal of the Government to finalise the terms of reference of the proposed 7t
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Last date for filing the acknowledgement extended for AY 2009-10, 2010-11 and 2011-12

As per the new circular dated 10.02.2014, Central Board of Direct Taxes, in exercise of powers under section 119 (2) (a) of the Act, hereby further relaxes and extends the date for filing ITR -V Form for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-Filed with refund claims within the time allowed under section 139 of the Act. The taxpayer concerned may send a duly signed copy of ITR-'V' to the CPC by this date by speed post In such cases, Central Board of Direct Taxes also relaxes the time-frame of issuing the intimation as provided in second proviso to sub section (1) of Section 143 of the Act and directs that such returns shall be processed within a period of six months from end of the month in which ITR-V is received and the intimation of processing of such returns shall be sent to the assessee concerned as per laid down procedure. Provision of sub-section (2) of section 244A of the Act would apply while determining the interest on such refund
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Prime Minister Approves Composition of 7th Central Pay Commission : PIB

The Finance Minister Shri P. Chidambaram has issued the following statement:                 “The Prime Minister has approved the composition of the 7th Central Pay Commission as follows: 1.         Shri Justice Ashok Kumar Mathur               Chairman               (Retired Judge of the Supreme Court and Retired             Chairman, Armed Forces Tribunal) 2.         Shri Vivek Rae                                                             -                          Member (Full Time)             (Secretary, Petroleum & Natural Gas) 3.         Dr. Rathin Roy                                                                                               Member (Part Time)             (Director, NIPFP) 4.         Smt. Meena Agarwal                                                                                     Secretary             (OSD, Department of Expenditure,             Ministry of Finance)”  Like ITian India on Facebook
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CR of IT Department : Allocation of posts on next week

Various issues of different regions regarding claim of discrimination at the time of allocation of posts by Sub-Committee No. 1 and Core Committee are examined and discussed by CBDT.  It is learnt that CBDT may issue letter in respect of  allocation of posts on very next week.    Like ITian India on Facebook
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