Income Tax Dept has notified new form and instruction for PAN application. This will come into effect from 1st day of November 2011
Monday, October 24, 2011
Friday, October 14, 2011
Government increases collection target, silent on cadre review proposal
The finance ministry has revised the Budget estimate of direct tax collection upwards by Rs 53,000 crore to Rs 5.85 lakh crore. The higher target is an increase of 31% over last yearas collection of Rs 4.46 lakh crore. The increase is intended to bridge the shortfall that might occur due to reduction in customs duty on crude oil to offset price rise. But it has invited strong reaction from Income Tax officials, who are grappling with staff shortage.
Saturday, September 10, 2011
Dept. Exam for ITOs and ITI's : Download Admit Card.
Download Admit Cards for DE 2011.
Calculator Allowed in examination
"You are aware that the "Examination Rules" notified by the Board for the year 2011 prohibits the use of Calculator by the candidates in the Examination. Upon representation from various circles, we took up the matter with the Chairman and the same was subjected to discussion in the quarterly meeting with the Chairman held on 20th July, 2011. The Chairman was of the opinion that calculators should be allowed since the same is being used for the day to day work also. The official version contained in the minutes of that meeting circulated by the Board vide F No. B-12020/2/2011-Ad.IX dated 17.08.2011 is as under:
Calculator Allowed in examination
"You are aware that the "Examination Rules" notified by the Board for the year 2011 prohibits the use of Calculator by the candidates in the Examination. Upon representation from various circles, we took up the matter with the Chairman and the same was subjected to discussion in the quarterly meeting with the Chairman held on 20th July, 2011. The Chairman was of the opinion that calculators should be allowed since the same is being used for the day to day work also. The official version contained in the minutes of that meeting circulated by the Board vide F No. B-12020/2/2011-Ad.IX dated 17.08.2011 is as under:
"The staff side demanded that calculators should be allowed in the exam.
The Chairman opined that in view of present scenario of technology upgradation, the demand could be considered justified as it would test their skill in the use of such gadgets. He asked DIT (Exam) to examine this issue and make appropriate proposal."
We are yet to hear from the Directorate whether it has got the proposal approved and instructions issued to the field formations.Meanwhile you may inform the candidates that they may use the calculator in the Departmental Examination wherever necessary."
Source : ITEF
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
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.
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