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Showing posts from November, 2013

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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Present position of Cadre Restructuring of CBEC

It is learnt that the Cabinet Note relating to approval of cadre restructuring proposal of CBEC  has been finally prepared/ approved  on 26.11.2013 by Cabinet Secretary. The date  for next cabinet meeting is yet to be  fixed. It is expected that CR of CBEC may likely to be approved in the next cabinet meeting.
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Circular of ITEF on March to Parliament on 12.12.2013, CR and WWC

ITEF today issued circular providing the details regarding Following matters: 1.    March to Parliament on 12.12.2013 in pursuance of the Charter of Demands. The Confederation of CG Employees and Workers has called the March. 2. Implementation of Cadre Restructuring & Secretariat Meeting and 3.  Working Woman Convention. Read the full contents of the circular as under :- Like ITian India on Facebook
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Implementation of Cadre Restructuring of Income Tax: Discussion in Video Conference on 28.11.2013

Today Video Conference of CBDT with CCsIT and DGsIT has been held on scheduled time. All the predetermined issues including issue of Cadre Restructuring were discussed. CBDT informed that reports of all subcommittees except Subcommittee for allocation of posts and jurisdiction have been received. It is also informed that this subcommittee will submit the report tomorrow i.e. 29.11.2013. Like, Share and Comment Like ITian India on Facebook Promotion from ITO to ACIT : As per the information received, most of APARs of ITOs coming in consideration zone have been received by CBDT. APARs of only 2 ITOs are pending. However, it is highly expected that DPC for ITO to ACIT will be conducted in the month of December 2013. Like ITian India on Facebook Like, Share and Comment
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DPC for promotion to Grade of CCIT

CBDT today issued letters to all CCsIT(CCA) regarding Regular DPC for promotion to the grade of CCIT against the vacancies for the year 2013-14 and Supplementary DPC for the year 2012-13. List of 37 officers who are being considered for promotion is also enclosed with this letter. vacancy position is also enclosed with the letter.  The said letter can be viewed here: Like ITian India on Facebook
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Implementation of CR: Video Conference by Chairperson and Member, CBDT

A video conference on various issues including implementation of Cadre Restructuring is convened by CBDT with CCsIT and DGsIT on 28.11.2013 at 04.00 PM. Today CBDT issued an O.M. in this regard. View O.M.:
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Pay commission could be notified over the next two months

Sources said that the the pay commission could be notified over the next two months or so, well before the model code of conduct for the general elections kicks in. Also, the  Center  is expected to give the panel enough time to prepare its report in the hope that the government would be a lot more comfortable vis-a-vis the fiscal deficit by the time the panel submits its report.
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Implementation of Cadre Restructuring of Income Tax Department: Querterly Review Meeting resheduled on 09.12.2013.

The Quarterly Review Meeting which was scheduled on 22.11.2013 is resheduled on 09.12.2013. The Sub-committee for allocation of posts and jurisdiction has been asked to submit its report by 29th November. The manner of its implementation can be discussed and worked out in the rescheduled  Quarterly  Review Meeting  on 9th December. Like ITian India on Facebook ITEF, Hq has issued a circular in this regard. Read full details below.........
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Possible Terms of Reference (ToR) for the 7th Central Pay Commission

A meeting was held on 24.10.2013 at 3.00 PM in Committee Room No 190, North Block under the chairmanship of Dr S.K.Sarkar, Secretary DOP&T to discuss the possible Terms of Reference (ToR) for the 7th Central Pay Commission, which is going to be set up by the Government, with the representatives of the Staff Side of JCM. Like ITian India on Facebook
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New rule lowers HRA exemption claim limit..........

The central government has lowered the exemption limit for reporting the rent received. Salaried taxpayers claiming HRA exemption and paying a rent of over Rs 1 lakh per year have to give landlord's PAN (permanent account number). Till now, if the total rent paid was less than Rs 15,000 a month there was no need to submit the landlord's PAN details. The new rule effectively lowers the rent limit from Rs 15,000 a month to Rs 8,333 per month for claiming HRA exemption without making any disclosures. Though incurring actual expenditure on payment of rent is a pre-requisite for claiming deduction under section 10(13A) of the I-Tax Act, it has been decided as an administrative measure that salaried employees drawing HRA up to Rs 3,000 per month will be exempted from production of rent receipt. The new rule is aimed at people claiming HRA exemption for living in their own house. "It has to be noted that only the expenditure actually incurred on payment of rent in res
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DTC Bill in Winter Session : Provision of Fourth slab may introduce.......

The finance ministry on Wednesday said it is finalizing the official amendments to the Direct Taxes Code (DTC) Bill so that it could be taken up in the winter session of Parliament beginning 5 December. “We are working on the DTC Bill and want to bring it as soon as possible,” revenue secretary Sumit Bose said on the sidelines of a Confederation of Indian Industry (CII) summit. The finance ministry is currently working on the official amendments to the DTC Bill which was tabled in Parliament earlier.
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Current position of Cadre Restructuring of CBEC

       The cabinet note for cadre restructuring has been signed by the FM. It is expected to be placed before the cabinet on 21.11.13 or 28.11.13 .       DG, HRD of CBEC vide F.NO. 8/B/154/HRD(HRM)/2013 Dt. 03.09.13 asked all CC’s to send the draft notifications for the reorganised set up alogwith jurisdictional map, projection of the requirement of office space & related infrastructure and updating of APAR’s/ACR’s of the officers under their respective charges. 
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Income Tax exemption limit will be raised to 3 lakh, Introduction of Super rich Category

In a time when high inflation is blowing holes in pockets of consumers, if a relaxation is granted on tax deduction, consumers will definitely get a reason to celebrate. Well, Ministry of Law and Justice has approved the proposal to raise annual income tax exemption limit from 2 lakh to 3 lakh, reports DB correspondent. The Direct Tax Code (DTC) draft will now be sent to Cabinet for approval. Thereafter, the approved draft will be introduced in Parliament. According to an official of Ministry of Finance, Parliamentary Committee has nearly agreed to the tax exemption limit under the latest draft of future DTC bill. Like ITian India on Facebook
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Objection raised by DOPT on Cadre Restructuring Proposal of CBEC : Financial Express

The Department of Personnel and Training (DoPT) has raised objections to the cadre restructuring proposal of the Central Board of Excise and Customs (CBEC), delaying a resolution to the acute manpower crisis affecting the indirect tax administration, which is struggling to collect 20% more revenue from central excise, customs and service tax this year from a year ago. CBEC has a revenue target of Rs 5.6 lakh crore this fiscal, 46% of the Centre's gross tax revenue. The annual growth in indirect tax collections has come down sharply since 2011-12. It is reckoned that in addition to the economic slowdown, the CBEC's human resource crunch has also hit the collection drive. CBEC's demand for more secretary-level posts and field officers to bolster its revenue collection drive is now likely to be referred to a committee of secretaries or to a group of ministers for further review instead of being placed before the cabinet for approval as expected earlier. With 68,000
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185 DCsIT promoted to JCsIT on regular basis

As many as 185 IRS officers are promoted from Deputy Commissioners of Income Tax to Joint Commissioners of Income Tax on regular basis. The said promotions are subject to the outcome of the judgement in SLP(C) No. 21339/2012 with IA No 2/2012 pending before Hon'ble Supreme Court of India in the matter titled Vikas Keraba Suryavanshi & Ors vs. UOI & Ors. View the order below: Like ITian India on Facebook
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COC meeting of all associations of CBDT & CBEC regarding 7th Pay Commission

7th Pay Commission for Central Govt employees is going to be set up soon. It is required to submit a memorandum before 7th CPC for awarding appropriate pay and other benefits to the officers / staffs of department of Revenue. Therefore a meeting of COC of all associations of CBEC & CBDT is going to be held n 23.11.13 at New Delhi to discuss about submission of such memorandum.
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Expected DA from January 2014 may be increased by 11% for Central Govt. Employees & Pensioners

All-India CPI-IW for September, 2013 rose by 1 point and pegged at 238. According to this increase Dearness Allowance for Central Government Employees & Dearness Relief for CG Pensioner confirmed to be 100% from January, 2014. This increase and present economic scenario are making less possibility that the DA/DR for Jan, 2014 may not cross 100% or may stop at 99%. It is highly expected that DA from January 2014 may increase upto 10% to 11%.             The Central Dearness Allowance is used to calculate with the help of last 12 months' All India consumer Price Index for Industrial Workers (AICPIN-IW). AICPIN-IW is declared by Labour Bureau  Deptt., Government of India. The month-wise AICPIN is listed below:- S.N.  Month                         AICPI 1       January-13                  221 2       February-13                223 3       March-13                    224
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ITEF, AP Circle's Circular on Cadre Restructuring.

 ITEF, ANDHRA PRADESH CIRCLE, HYDERABAD circulated following details on All-India Working Committee of the ITEF held at Jaipur on 19 & 20 th October, 2013: The following issues were discussed in the all-India Working Committee meeting of the ITEF held at Jaipur on 19th and 20th October 2013. It was stated that the sub-committee of CBDT has agreed upon the following issues which the ITEF has time and again demanded: 1. The sub-committee of CBDT on cadre-restructuring at all-India level has discussed the issue of conversion of staff car drivers into TA / NS and agreed in principle. Proposals will be sent for making modifications in the recruitment rules of TA and NS to this effect. 2. The sub-committee of CBDT is also actively considering the absorption of daily rated workers in the cadre restructuring exercise itself. A positive decision is expected because many new MTS posts will be created in cadre restructuring.
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Charge-wise allocated strength in various grades in the income tax department as on 31.03.2009

There is no information received from any reliable sources regarding finalization of Region wise allocation of posts due to Cadre restructuring 2013 of Income tax department. Only information received from the side of ITEF about the criteria for region wise distribution of posts. The ITEF is going to propose following criteria for distribution of posts:  1.     Workload 2.    Revenue collection 3.    Stagnation 4.    Geographical Criteria or Muffasil. Most of the proposals of ITEF with regard to Group ‘C’ cadre were accepted by the CBDT at the time of previous cadre restructuring of the department. As process of implementation of cadre restructuring is on the way, many of visitors of ITian India are interested to know about the present allocation of various grades in the Income Tax Department. Following chart shows the Charge-wise sanctioned strength in various grades in the income tax department as on 31.03.2009. Visitors of ITian India are requested to point
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