Thursday, December 22, 2016

Intercharge Transfer : CBDT relaxed condition in certain cases

CBDT relaxed the criteria of three year service for intercharge transfer in certain class of employees upto 31.12.2017.
The following class of non gazetted employees can seek for inter state transfer after one year of service in that grade.
1) Physically handicapped quota
2) Whose spouse or children are differently abled.
3) Unmarried lady official
4) Spouse in Govt. job.
5) Ex serviceman
Click here for details

Wednesday, December 7, 2016

More officers and inspectors likely to be posted in Investigation Wing

After the withdrawal of old currency notes of 500/1000, Investigation Directorate have intensified enforcement action against tax evaders. As the action is being affected by shortage of manpower, Chairman CBDT asked all Pr CCITs to reorganize workforce and depute more officers and inspectors to the Investigation Wing to cope up with the need of hour.
Click here for the D.O. letter of Chairman, CBDT

Wednesday, November 30, 2016

Update from ITGOA on ACIT promotion and other issues

The Chairman CBDT invited the Central JCA for a meeting on the basis of letter of JCA dated 03‐11‐ 2016 and also the notice dated 17‐11‐2016 for agitation in front of all Pr. CCsIT offices and office of the Pr.DGIT(HRD) on 25.11.2016 by the ITEF. Accordingly, the meeting took place on 26.11.2016 at 4.00 P.M at the Chairman’s office Chamber, North Block New Delhi.
"As a broad outline of the outcome of the meeting, the Chairman assured that in view of the suggestion of the UPSC, the proposal for regularisation of 2014‐15 would be sent to the DoPT for obtaining clarification as regard to the implementation of OM dated 30.09.2016. The CBDT also sought 10 days time for obtaining the clarification of the DoPT or otherwise the Board will take appropriate decision for ad‐hoc promotion for 2016‐17 as per its understanding of the said OM. As regards the promotion to the post of Pr. AO, it was informed that draft all India seniority list of AO, Gr.II will be published by 09.12.2016 giving 15 days time for objection/comments. On expiry of the 15 days period the Ad‐hoc DPC to the cadre of Pr. AO will be carried out. Regarding filling up of all regular and ad‐hoc promotions, including the consequential vacancies created due to promotion to the posts of ACIT, the Chairman/Member(P) would intervene and request to all Pr.CCsIT for immediate action.  "
Click here for the full text of ITGOA circular dated 29.11.2016

Saturday, November 26, 2016

Unaccounted deposits to attract 50% tax, 4 yr lock-in period

New Delhi, Nov 25 (PTI) A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly.

However, a higher 90 per cent tax and penalty could be imposed if assessees do not declare the unaccounted cash voluntarily.

Cash deposits made using the scrapped 500 and 1000 rupee notes above a threshold that are declared to Income Tax authorities may attract 50 per cent tax, as per the amendment to the Income Tax Act approved by the Cabinet last night.

Half of remaining deposits, or 25 per cent of the original deposit, will not be allowed to be withdrawn for four years, top sources said.

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