I-T dept planning to bring rural traders into tax net

The Income Tax department is looking at bringing rural traders and others into the tax net.

The department which is attempting to expand the taxpayer base in the country will now focus their attention on a large swathe of rural businesses that have so far remained untouched.

"We are planning to increase the taxpayers base. A number of taxpayers and assessees that the department would include will be from the rural areas," CBDT Member (Revenue) Durgesh Shankar told PTI.

There are a large number of people who do not pay tax.

Tax avoidance is a great worry and the department would strengthen the mechanism to include such assesses in the income tax fold, Shankar said.

The I-T department has found that the income generated from numerous kinds of businesses conducted in rural areas can be brought under the tax net.


Source : PTI News

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

View the notification

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.
	CLICK HERE TO DOWNLOAD NEW FORMS

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.

View the Notification

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.