Monday, January 24, 2011

Salaried taxpayers may be spared filing returns


Salaried taxpayers with no other income could get a respite from filing tax returns. The income-tax (I-T) department is open to examining a proposal to exempt them from the annual chore.
Asked whether the department would think about doing away with income-tax returns for employees, who had no other income apart from salaries in a financial year, Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra said the department would certainly consider the proposal.
He agreed that for a substantial chunk of salaried employees, savings bank interest is the only additional income and that in most cases, this not substantial. This proposal, if approved, will benefit a large section of people and would reduce the I-T department's workload in a big way.
Of the country’s 35 million taxpayers, roughly half are salaried employees.
The proposal to do away with returns for salaried taxpayers was earlier internally mooted within CBDT a few years ago. The argument in favour of the proposal was that income records for this class of taxpayer were available with both employers and banks.
In an interaction with mediapersons today, Chandra also promised small taxpayers another major relief. He said the I-T department is planning to release all small-value refunds before March 31. "I will ask my officials to give most refunds by the end of the current financial year," he said.
“We will try to clear most refunds in a month. At least small refunds can be given by March 31,” Chandra added. The newly-appointed chairman said he would communicate this to his officials.
Some of the refunds will be given to taxpayers directly through State Bank of India under the refund banker scheme.
Source : Business Standard.

Friday, December 24, 2010

Billing Details of Income Tax employees in the new telephone scheme, “Project Tarang”


Tariff to Department of Income Tax
Mobile

1.1
Fixed Monthly Charges

Nil
To be paid by ITD in Lump-sum
1.2
Free usage per month

400 Min

2
Call Charges



2.1.1
Within LSA
to BSNL/MTNL all India
Nil


Within LSA
To other service provider all India
.01 per sec(Local)
.012  per sec (STD)

2.2
Roaming




Fixed Charge

Nil


Incoming Calls
From BSNL/MTNL network
Nil



From other Network
0.60/60 sec


Outgoing Calls
To BSNL/MTNL all India
Nil



To others
1.0 per 60 sec

3
SMS




P2P within LSA
To BSNL/MTNL all India
Nil



To other
0.40/SMS


P




P2P (Roaming)
To BSNL/MTNL all India
Nil



To other
0.80/SMS


Non P




NON P2P SMS

2/SMS


Premium Non P2P

As per Vendor


International SMS

5/SMS

4
GPRS




Fixed Charge

Nil


Free Usage

1 GB


Beyond Free Usage

0.05/10 KB






Landline
1.1
Fixed Monthly Charge

Nil
To be paid by ITD in Lump-sum

Free Usage per month
To BSNL/MTNL all India
Nil



To other all India
1/MCU

Broadband
1.1
Fixed monthly charge

Nil
To be paid by ITD in Lump-sum

Free Usage per month

Home Unlimited

3G Data Card
1.1
Fixed monthly charge

Nil
To be paid by ITD in Lump-sum
1.2
Free Usage per month

5 GB


Beyond Free Usage

0.05/10 KB

Blackberry
1.1
Fixed monthly charge

Nil
To be paid by ITD in Lump-sum

Free Usage per month

As per plan 999 of BSNL


Friday, December 3, 2010

Clarification reg exemption in Hindi for ITIs Departmental Examination, 2010

Rule V(A)(c) of Amended Departmental Examination Rules For Income Tax Inspectors 2009 exempts those candidates from appearance in Paper 5 namely Hindi, who have qualified Hindi either at the matriculation/higher level or in the departmental Examination for Ministerial Staff


View the Clarification
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