Cabinet likely to consider Direct Tax Code Bill tomorrow (26.08.2010)

Struggling to meet the deadline of introducing a much awaited tax reforms bill, the Cabinet is likely to consider the Direct Taxes Code on Thursday, a move aimed at rationalising rates and improving tax compliance.

A proposal is before the Union Cabinet for consideration and passage of the DTC Bill, a source told PTI.

The government plans to introduce DTC, which will replace the archaic Income Tax Act, from next fiscal. The government is, however, unlikely to meet the deadline for introduction of yet another important piece of tax reforms - the Goods and Services Tax.

If introduced in the monsoon session that ends on August 31, the DTC Bill is expected to be referred to a Parliamentary Standing Committee on finance and may be passed during the winter session to make the reforms effective from the deadline -- April 1, next year.


Source : PTI

Meeting with CBDT on 4th Aug : Income Tax employees to get mobile connection, F.M. agreed.

The Joint Council of  Action [JCA] of Income Tax Staff Association met the Chairman CBDT on 4^th August, 2010 for Quarterly Review Meeting. The outcome of the meeting has not been made available either by ITEF or ITGOA. On 11.08.2010, CBDT has made it available.

Following are the important points came out of the discussion.

1. DG Systems will reexamine the suggestion made by JCA regarding processing of CPU by employees.
2. F.M has sanctioned mobile connections for all employees. It may take 3-4 months to materialize.
3. DPC for ITO to ACIT is to be done on 9/10th Aug, 2010.{It is reported to be done}
4. It was informed that pay anomaly arised due to VIth CPC is being resolved. Grade Pay to A.O./P.S. of Rs 4800/- is also under process.
5. laptop to all new ITOs but not to A.O. and P.S.

For exact minute of the meeting , Click Here.

IT dept turns to IRS officers to carry out tax raids

 Hit by the over two-week strike of its grade II field officers like inspectors, the Income Tax Department is roping in Indian Revenue Service (IRS) officers to carry out tax raids.

The Grade II officers are in the ranks of Income Tax Officers (ITOs) and Income Tax Inspectors (ITIs) and constitute the bulk of an I-T raiding team which are led by the officers of the IRS-- which is a central service on the lines of the Indian Administrative Service (IAS) and Indian Police Service (IPS).



The department recently conducted two survey operations in Mumbai, on a jeweller and a business house, without any of its field officers in the ranks of inspectors and others.


Source : PTI

Mobile for Taxmen : Agreement between Income Tax & BSNL soon.

Though there is no news from either ITEF or ITGOA regarding availability of mobile phones for the taxmen , we came to know that Income Tax Dept is going to sign agreement with BSNL for 50,000 mobile  and 21,000 Landline connections soon.


As per BSNL Employees' Association :
"It is a glad news that the Income tax department has decided to avail 50,000 mobile connections and 21,000 land lines from BSNL. Soon agreement will be signed between BSNL and Income Tax Department."

CBDT seems to be rigid, agitation of taxmen is on.

"The representatives of two Federations met the Chairman and other Board officials on 04.08.2010 and discussed the 12 point Charter of demands, once again. Official minutes of the same is awaited.

Thereafter, the JCA held a meeting and has unanimously decided to continue with the ongoing agitation program, for keeping up the pressure on the Board to concede to our just demands and all the Units are requested to implement the agitation program with full vigour and enthusiasm, until further communication."

Source : ITEF

The association is currently  on non cooperation with the management and their members are abstaining from any search and seizure operation which jeopardized the "Income Tax Raid" for the last two weeks.