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Showing posts from July, 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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Dearness Allowance will be increased by 7% w.e.f. July 2014

After the issuance of press release by Ministry of Labour and Employment, it is confirmed that Central employees and pensioners are going to get a 7% increase in Dearness allowance with effect from 1st July 2014. Consequent to 2 points increase in the All India Consumer Price Index for June 2014, the final calculation for D.A. from July 2014 can be done. The increase will have to get cabinet approval and expected to be officially endorsed in the month of September as per existing norms. View the press release here
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ITEF writes letter to Chairman, CBDT regardingg Consequential Vacancies of R.Y. 2013-14

ITEF has written a letter to the Chairman, CBDT regarding consequential vacancies of R.Y. 2013-14Copy of ITEF letter No. N-1/E-2/12-15 Dated: 28th July, 2014. Read the full contents of ITEF’s letter here: “We write this with reference to the above two instructions issued by the Board and also the discussions the JCA representatives had with your goodself in the Quarterly Review Meeting held on 14.7.2014. Vide the second reference dated 27.05.2014, the CCAs were required to conduct the meetings of DPCs and effect promotions for the Group B & C cadres by 5th June, 2014 for vacancy year 2013-14. We have been getting report from our field formations that though promotion orders have been issued in almost all charges, the Cadre Controlling Authorities in some charges have not taken the consequential vacancies while conducting DPC Meetings and effecting promotions. The reason communicated to us by our units is that some of the CCAs have taken the stand that although the vacanc
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Status of the cadre restructuring in CBEC

The proposal for DPC to the post of AC against 421 regular vacancies may be sent to the UPSC next week. CBEC approached the UPSC for the DPC of 421 (regular)+2118 (temporary) posts of AC. UPSC agreed to conduct the DPC for 421 regular posts first and asked the CBEC to get relaxation in RRs against filling-up of 2118 temporary posts as all of these posts are to be filled-up only by promotion instead of 50% by direct recruitment and 50% by promotion. The Member (P&V) assured to send the proposal for the DPC against remaining 2118 temporary posts very soon. Staff allocation file is already with MOS, for which she has asked for presentation. Reorganisation notification is to be issued after approval of budget to make the due amendment in the Act.
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ITEF's New Circular on Various issues

INCOME TAX EMPLOYEES FEDERATION, New Dehli has issued a new circular on the minutes of secretariat meeting held on 23.07.2014. Issues of Memorandum to VII CPC, Diversion of Cadre Restructuring posts and other various issues were discussed in the meeting. The contents of the circular is as under “ The extended Secretariat meeting was held on 23.7.2014 at Manishinath Bhawan, New Delhi.  The meeting was presided over by Com. Ashok B Salunkhe, President.  The following decisions were taken in the meeting. Memorandum to VII-CPC . The Secretary General, Com. KP Rajagopal, initiating the discussion outlined the principle and logics of our approach adopted in the draft memorandum circulated for wider discussions in the Circles.  The Secretariat approved the same and authorised the CHQ to submit the final memorandum to the VII- Central Pay Commission.  Diversion of Cadre Restructuring Posts : The secretariat discussed the draft proposal circulated by the CHQ for diversion of some p
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Income Tax offices will remain open on Saturday and Sunday, K. V. Choudhary will be New Chairman, CBDT

Income Tax offices will remain open on Saturday and Sunday, the 26th and 27th July to receive returns as the due date of filing of return is 31st July 2014. All field offices will accept returns during normal office hours. Special arrangements may also be made by way of opening additional receipt counters, wherever required, on 26th, 27th , 28th, 30th and 31st July, 2014 to facilitate the taxpayers in filing their returns of income conveniently and in a timely manner. New CBDT Chairman Mr K.V. Chaudhary, 1978 batch IRS Officer will be the new Chairman CBDT from 1st August 2014. He will succeed Mr R.K. Tiwari who will retire on superannuation Special Return Receipt Counters The Chairman, CBDT shall inaugurate the Special Return Receipt Counters tomorrow at 10.30 AM at Pratyaksh Kar Bhavan, B-Block, ground Floor, Civic Centre, Minto Road, New Delhi-2. Extensive arrangements have been made by the Department to facilitate the taxpayers in filing their income t
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Promotion from CIT to Pr. CIT

It is reliably learnt that the file of IRS (IT) officers belonging to 1982-87 batch has reached to the Appointment Committee of Cabinet on July 16. DPC had taken place on April 30 this year. Meaning hereby; as many as 300 IRS (IT) officers would soon get the rank of Principal Commissioner of Income Tax. Source : Whisperinthecorridor
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STATUS OF CADRE RESTRUCTURING IN CBEC

The Chairperson, CBEC on 18-7-2014 has issued directions to the Competent Committee DPC to address the UPSC with a proposal to conduct DPC for the promotions to AC Cadre at the earliest. This will be done under a single window scheme to avoid procedural delays and bottlenecks. The break up of vacancies is as follows 2118 + 150 + 39 + 230 which is notified vacancies reserve deficit and regular ones. The process of CR will be in place latest by September 2014. It may be added here that a onetime relaxation from the DoPT is required which is at best a technical formality since the CR already been approved by the Union Cabinet. STAGNATION Committee has also being constituted to mitigate the acute stagnation in all cadres independent of CR.
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Status of promotion to ACIT for R.Y. 2013-14

INCOME TAX GAZETTED OFFICERS'ASSOCIATION(ITGOA) issued a circular providing the status report on Promotion to ACIT for the R.Y. 2013-14 . ITGOA stated that the CBDT had submitted two Review / Regular proposals for promotion to the post of ACsIT to UPSC on 18.02.2014. CBDT was advised by UPSC to obtain opinion of DOLA on the issue as to whether holding DPC from the existing seniority list of ITOs subject to revision of seniority of ITI / ITO based on the judgment of Hon'ble Supreme Court in NR Parmar will tantamount to contempt or not. DOLA referred back the matter to the Board for obtaining views of DoPT and to clarify its stand taken before the Hon'ble Supreme Court in the contempt petition titled as' Virender Kumar vs Dr. Sudha Sharma, ex-chairperson, CBDT '. The CHQ has been pursuing the matter at all levels in CBDT as well as other agencies involved in the process. The CBDT clarified the relevant issues placing reliance on the opinion dated 05.05.2014 of
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