CBDT forms committee for redressal of demands of associations

CBDT has formed a two member committee to examine and redress the demands of JCA . The committee will submit it's recommendations within a fortnight for consideration of Chairman, CBDT.
View the Office Memo.
According to sources, this is nothing but a facesaver to JCA, particularly the ITGOA fraction and to create a safe and smooth passage to withdraw the ongoing agitation  in the Income Tax Department without practically achieving anything out of the month long "non cooperation".
(Comments are welcome.)

Due date of fling of return extended to 31st August

Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012 in respect of assesses who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961.
View the Notification

Rumour about cadre review

A rumour that cadre review proposal has been approved was flourished yesterday throughout the country. We tried our best to find the authenticity of the news from different sources, associations as well as administration, and could not find anything positive. We therefore advise our viewers not to believe these kind of rumours without verifying the authenticity and not to spread this anymore. We are in constant touch with our reliable sources and if anything comes out, it will be certainly published in this blog as and when available.

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