Monday, May 28, 2012

Ministry holding talk on cadre review of CBDT and CBEC : F.M.

"He said the ministry was in talks with the Central Board of Direct Taxes and the Central Board of Excise and Customs on cadre restructuring. “This will include the creation of a large number of posts and putting in place an in-built system for incentive and promotion. The fiscal situation of the country depends largely on the efficiency of the tax system in the country,” Mukherjee said.
To increase voluntary compliance by taxpayers, the I-T department is setting up Aaykar Seva Kendras to provide tax-related services, including filing of returns, through a single window system. At these kiosks, the taxpayer will be provided with a unique acknowledgement number against the service that can be used to keep track of the request or complaint."
Source : The Telegraph (F.M. made the comment while inagurating Aayakar Seva Kendra in Bamboo Villa< Kolkata)

Wednesday, May 16, 2012

I.T. cadre review : File back to CBDT

It is learnt from sources that cadre review proposal, which has been earlier cleared by DOPT with moderate reduction in ACIT posts, has been returned to CBDT asking for some clarification. It is expected to be sent soon for cabinet approval and subsequent implementation.
It may be remembered that CBDT is very much eager for early implementation and early promotions as they have asked all cadre controlling CCITs to get the APARs ready by 20th April 2012 for conducting early DPC in view of the cadre review proposal accepted by the Govt.
View the Chairman's message in this regard

Monday, May 7, 2012

ITI/ITOs AND Ministerial. exam in September 2012

The date has been fixed from 04.09.2012 to 15.09.2012. The details will be available as and when notification issued. This year the applications will be done Online and scanned photo and signature to be uploaded by the candidate.
View details here.

Rollback from budget proposal in TDS and Capital Gain Tax

Finance Minister announces withdrawal of TDS on immovable property as proposed in Budget.
FM announces withdrawal of provisions in Customs and Excise rules under which bail was denied till public prosecutor was heard.
Govt halves capital gains tax on private equity to 10 per cent.
Retrospective amendments to Income-tax Act not to override DTAAs with 82 countries, says Mukherjee.

Friday, March 30, 2012

I.T. offices remain open on 31.03.2011


Order under Section 119(1) of the IT Act, 1961 (Reg. Income Tax Offices shall remain open on 31.3.201 through out India)

View the Order
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