Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13

Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13

Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption is applicable only if all the following conditions are fulfilled:- • Employee has earned only salary income and income from savings bank account and the annual interest earned from savings bank account is less than Rs. 10 thousand. • The total Income of the employee does not exceed Rs. 5 Lakh (Total Income means Gross Total Income Less deductions under Chapter VIA). • The Employee has reported his PAN to the employer. • Employee has reported his income from interest on savings bank account to employer.  • Employee has received Form 16 from his employer. • Total Tax Liability of employee has been paid off by employer by way of TDS and employer has deposited TDS with central government. • Employee has no refund claim. • Employee has received salary only from one employer. • Employee has not received any Notice from Income Tax Department for filing of Income Tax return.

ITO/ITI Dept. Exam : Date extended for filing online application

As per the DE-2012 / Notification / DIT (Exam) / 1607 dated 04.06.2012 regarding Departmental Examinations 2012, the submission of online application forms for ITI / ITO Examinations has been extended to 16.07.2012.


View the Circular


Click HERE to apply ONLINE

e-filing made mandatory for certain Individuals and HUF

Central Board of Direct Taxes (CBDT) has issued a notification S.O. 626(E) dated 28^th March 2012 vide which e-Filing has been made compulsory for Assessment Year 2012-13 onwards for

·         an individual or a Hindu undivided family, if his or its total income, or the total income in respect of which he is or it is assessable under the Act during the previous year, exceeds ten lakh rupees; and

• an individual or a Hindu Undivided Family (HUF), being a resident, having assets (including financial interest in any entity) located outside India or signing authority in any account located outside India and required to furnish the return in Form ITR-2 or ITR-3 or ITR-4.
• View the Press Release

ITO to ACIT promotion for panel year 2012-13 - process initiated

Good news for the ITOs who are looking for promotion to the grade of ACIT. CBDT has started process of conduction DPC. For this purpose they asked for vigilance clearance and ACRs of ITOs from Sr No. 1203-1950 for General, 1455 to 2868 for SC and 1660-2868 for ST. as per all India seniority list of ITOs published on 14.01.2010.
The required documents to be furnished latest by 30th June.
The proposal for DPC is going to be submitted to UPSC shortly.
View the letter dated 18.06.12 for Vigilance Clearance
View the letter dated 18.06.12 for ACR

Notification issued for Departmental Exam (ITO/ITI/Ministerial Exam)

The Departmental Examinations 2012 will commence from 5th September, 2012. Candidates appearing in ITO / ITI Examination 2012 will be required to file online application form.
CCITs / CIT (Exams) have been requested to facilitate candidates in filing the Online Application Forms of ITO / ITI Exams 2012, where required. The list of case laws in ITO Paper-I Income Tax Law & Computation has been revised.
Click Here for Notification
Click Here for List of Revised Case Law
Click Here to APPLY ONLINE (For ITO/ITI Exam)


Exam is scheduled from 5th to 15th September 2012.
Last Date of application is 9th July 2012