New Income Tax Return Forms for Assessment Year 2010-11.

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ITR 2	For Individuals and  HUFs not having Income from Business or Profession
ITR 3	For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4	For individuals and HUFs having income from  a proprietory business or profession
ITR 5	For firms, AOPs and BOIs
ITR 6	For Companies other than companies claiming exemption under section 11
ITR 7	For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
ITR V	Where the data of the Return of Income in Forms Saral-II (ITR-1), ITR-2, ITR-3, ITR-4, ITR-5 & ITR-6  transmitted electronically without digital signature.
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New Income Tax Return Form SARAL II for Assessment Year 2010-11.

CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for Individuals having income from Salary/Pension/Income from One House Property (Excluding loss brought forward from previous years) / Income from Other Sources (Excluding winning from Lottery and Income from Race Horses). CBDT also notifies Income Tax Return Verification Form ITR-V for Assessment Year 2010-11 for SARAL II (ITR-1) ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature.

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View The Return Form (SARAL II)

Dept. Exam for ITOs and ITI's in Old and New Pattern : Result published.

Result of the ITO's Exam 2009 has been published. The Exam was conducted in two pattern , Old and new.
In the New Pattern the percentage of qualifying percentage is very low while there are lot of successful candidates in the old pattern.


The result is available in the Dept. website.
For ITO Exam.


View the result in the Old Pattern.


View the result in the New Pattern.

For ITI's Result


Click here for Old Pattern


Click here for New Pattern

Advance Increment for passing Dept. Exam restored.

Following is the letter from Ashok Salunkhe, Secretary General, ITEF regarding the restoration of advance increments for  passing Dept. Examination.

Itef/24/2009

Dated: 12^th March, 2010

Dear Comrade,

As intimated to you, the question of grant of Advance increment for passing the Departmental Examination was taken up with the Chairman, CBDT, when the undersigned met him on 4^th March, 2010. He had assured to resolve this issue within a week’s time. The Board has now issued the order, the copy of which is scanned and placed hereunder, according to which the advance increments would continue to be granted for all those who pass the Departmental Examinations as is indicated in F.No.1-11020/47/2007- Ad-IX dated 09.09.2009. Consequent to the issuance of the said order, the Principal Chief Controller of Accounts, CBDT vide their letter No. PCCA/CBDT/CDN-I/Advance injcrement/2009-10 3518-48 dated 12/03/2010 has directed all Zonal Accounts Officer to act upon the said direction of the Board. The copy of the letter of Principal Chief Controller of Accounts is also placed hereunder.

With greetings,

Yours fraternally,

Sd/

Ashok Salunkhe

View the Order.

Cabinet clears raising gratuity for private employees to Rs. 10 lakh

The Union Cabinet on Thursday decided to raise the ceiling of gratuity payable to employees in the private sector from Rs. 3.5 lakh to Rs. 10 lakh.

The proposal was cleared at the Cabinet meeting presided by Prime Minister Manmohan Singh. With this decision, private sector employees have been brought on a par with the Central government employees who were granted hike by the Sixth Pay commission. The Centre is likely to table a bill amending the gratuity law during the current Budget session of Parliament.

Labour and Employment Minister Mallikarjun Kharge held a number of consultations with stakeholders to arrive at a consensus on the issue. 

Source : The Hindu.