Thursday, May 23, 2013

Cabinet approved I.T. cadre review and restructure

Restructuring of the Income Tax Department
The Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres. This will help the Income Tax Department collect increased revenue and provide better tax payers services. An additional expenditure of Rs. 449.71 crore per annum is likely to be incurred on creation of additional posts and upgradation of some existing posts. This additional expenditure would be more than compensated by the increased revenue of more than Rs. 25,000 crore per annum proposed to be generated as a result of this exercise.
Source : PIB Press Release.

View details of additional posts
(As per information available with us)

Details of additional posts have been confirmed by ITEF. It can be viewed by clicking the link below.
Click here for exact No. of additional posts

Cabinet likely to approve Income Tax cadre review today, 23rd May'13

As per sources, the much awaited Income Tax cadre review is likely to get cabinet approval today. This cadre restructure exercise will create additional 19000 posts in the coming two years. Out of which about 800 will be IRS officers.

Thursday, May 16, 2013

Deductors to download Form 16/16A from website

ATTENTION : TAX DEDUCTORS
All deductors including Govt. deductors should download Form 16 and Form 16A from TRACES website and issue them under proper authentication. Form 16 to be issued annually while Form 16A to be issued quarterly. It is mandatory for all deductors to prepare from 16A for all deduction after 01.04.2011 and Form 16 for all deduction made after 01.04.2012 online.
View the Circular related to Form 16
View the Circular related to Form 16A
NEW Form 16
New Form 16A
How to download Form 16/16A ? Just click here
eTutorial for downloading Form 16
eTutorial for downloading Form 16A

Monday, May 13, 2013

ITO to ACIT promotion order with posting released

The much awaited promotion order from ITO to ACIT for the panel year 2012-13 finally released. The order has also indicated the place of posting of the newly promoted ACITs.
Click here to download the order
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