Monday, August 1, 2011

Digital Signature mandatory for efiling of Firms/Indvs u/s 44AB

Digital Signature Certificate made mandatory w.e.f 1st July 2011 for Firms and Individuals whose accounts are required to be audited u/s 44 AB of the Income Tax Act' 1961.
Earlier it was mandatory only for companies. 
View the Notification

Tuesday, July 26, 2011

IT Cadre review and restructure : information regarding field structure sought.

DIT(HRD), CBDT urgently sought information regarding field structure for proposed restructuring of the Income Tax Dept.
This information is to be sent by all CCIT/CITs on an urgent basis. Only today(26/07) evening it has been faxed from Delhi. In this light it can be assumed that the process is very near to finalization.

Friday, July 22, 2011

Rs 80 crores to be disbursed against 1% incentive scheme for 09-10.

Committee to recommend schemes for utilization of 1% incremental revenue of Rs.80.63 crore earned during F.Y. 2009-10 - reg.
View the details 
Department has sought suggestion from all officers/officials in this regard, which has to be submitted within 25th July 2011 for consideration by a high powered committee. It may be mailed to navneet.manohar@nic.in 
A section of employees have demanded laptop for Group C employees....."
"a proposal to the empowered committee to provide laptop/notebook to all Group C employees in the department out of the amount sanctioned for incremental revenue of Rs 80.63 crores earned during F.Y. 2009-10.

It may be mentioned that only the Group C and formerly Group D employees were left out from the earlier scheme of distributing incentive. As the department is putting thrust and more importance in outdoor activities like search/survey, enquiries/ holding seminars and awareness programmes, it will be an added infrastructural boost up for the employees who have to work outside the normal duty hours and workplace."



Saturday, July 2, 2011

Income Tax Departmental Examination in September this year.

In the year 2011, the dept. exam for ITOs/ITIs will commence on 14th September and Ministerial Exam will start on 21st September.
Ministerial Exam will be held as per the existing rules and will be descriptive as usual.
Last Date of application for exam : 29.07.2011
View the detailed circular and Time Table.

















Friday, July 1, 2011

Income Tax Cadre Review and Restructuring may be cleared in a month

Following are the excerpts from the ITEF blog. 
"...Shri. Prakash Chandra, Chairman, CBDT was in Mumbai on 28th and 29thJuly, 2011(It must be a typing error, please consider it as "June".).  We took the opportunity to meet him and discuss certain issues:  We give hereunder the issues raised and his response thereon:
1.        Cadre restructuring Proposal:  Chairman informed us that the Director in CBDT has been asked to interact with the concerned in DOPT to clarify the points raised by them so as to avoid the delay.  He expects to get the clearance of DOPT within a month's time.
2.       Pending Issues:  We have handed over him a copy of the minutes of the last formal meeting with his predecessor.  He has assured to get the orders/instructions issued by the Board wherever further discussions are not needed.  He will meet the representatives of ITEF on 8th July,2011 at New Delhi and if the ongoing JPC meetings are concluded he would meet and address the pending issues on that day itself or shall indicate the date convenient to him.
3.       Video Conferencing:  We have pointed out the futility of participating in the present format of video conferencing as there is little time to present the case and get response.  We have suggested that in view of the paucity of time, the representatives of a particular zone alone may be permitted to raise the issue, so that over a period everybody will get time to interact with the Chairman. Chairman was appreciative of this suggestion and would like to be presented the same for his consideration formally.  We seek you view in the matter.  What we intend to propose is as under.
A.      The date and time of video conferencing will be intimated well in advances.
B.      Only the issues a particular zone will be discussed in one conference. The others will have to await their turn for the next and subsequent conferences.
C.      The issues concerning a particular charge taken up with the CCITs but not resolved due to the absence of approval or clarification from Board will be raised.
D.      The query with the relevant information maybe e-mailed to the Chairman well in advance so that a proper decision could be conveyed in the conference itself.
E.       All India issues, which are being addressed  formally in the bilateral meetings need not be raised unless the action on decisions are delayed or decisions taken are not followed up by the section heads of the Board.
We feel that if this arrangement is agreed upon, the conference will have a smooth and orderly functioning and everybody will get an opportunity to get their long pending issues projected before the Chairman...."
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