Advance tax collection for Q3 down 22%

Advance tax collections declined by over 22 per cent to Rs 42,600 crore in the third quarter of the current fiscal as compared to Rs 54,900 crore in the same period last fiscal, mainly on account of expected subdued performance by India Inc.

Advance tax is paid by companies, firms and individuals based on their income projections for the financial year. Companies and firms pay advance tax in four installments – June 15, September 15, December 15 and March 15.

Individuals pay in three installments – September 15, December 15 and March 15.

Overall advance tax collections were down by 2.6 per cent at Rs 1,13,000 crore till December in the current financial year as compared to Rs 1,16,000 crore in the corresponding period last fiscal.

Total direct tax collections were up 11.5 per cent at Rs 2,32,000 crore till December 24 of this fiscal from Rs 2,08,000 crore in the earlier year.

The direct tax collection was up by over 40 per cent in the corresponding period last year, indicating pressure on the tdirect ax collections due to the impact of the economic slowdown.

Corporate tax collections rose 15.3 per cent to Rs 1,50,000 crore from 1,30,000 crore.

Source : Business Standard.

Migration of PAN

An Overview

 When an assessee is moved from one place to another or his jurisdiction is transferred from one A.O. to another, his PAN is to be transferred to the new Assessing Officer. This process is named as ‘Migration of PAN’ in Income Tax term.

 It is the responsibility of the Commissioner holding jurisdiction of the PAN to transfer it to the new charge, either on request of the assessee or the new A.O.

 For Individual assessee, the new A.O.(Where PAN to be transferred) can make an online request to send the PAN under his jurisdiction. If the current A.O.(where the PAN belongs now) has no objection and he does not take any online activity within 10 days, the PAN will automatically be migrated to the new Assessing Officer.

 

As I have mentioned earlier, the above mentioned automated process is available for individual PAN only, PANs of other categories to be transferred only by the Commissioner holding previous jurisdiction.

 Difficulty in Migration of certain Corporate PAN

 It is noticed very often that the transferor CIT is not being able to migrate some specific Corporate PANs to any other charge. Whenever he proceeds to transfer out a particular PAN, a message appears “This PAN is being processed under DT 01 Suvida Scheme” and he can not initiate the process.

As in the very first year of mandatory efiling for corporate assesses, the returns were processed centrally in a ward for all returns under a particular range. The Designated Assessing Officer for this purpose had to process the return and then to transfer it to it’s parent jurisdiction. There are some PANs processed under DAO but not transferred out to Jurisdictional Assessing Officer. These PANs can not be migrated unless returned to parent jurisdiction. 

Laptop for Income Tax Officers, nothing for staff ??

Central Board of Direct Taxes has decided to award laptop to each and every officers of the Income Tax Dept. as incentive for achieving the target collection figure for the year 2006-07. 1% of extra collection over the target which amounts to Rs 195 Crores is being awarded as incentive. All officers of ITO and above will be getting laptop worth Rs 50,000 each. The distribution is expected to begin next week. The remaining amount is learnt to make office premises airconditioned {what supposed to be done by the Dept’s own fund} and to purchase/hire operational vehicles{which is normally used by the senior officers for their personal use}.

 

Surprisingly, the staff members are not getting anything till today. According to sources a portion of staff members may be given Rs 500/-per month to reimburse their mobile expenditure but no official communication is there. It seems that officers are only responsible for achieving the target. But the fact is this that the staff who work round the clock to help the Assessing Officers [A large number of those who can not properly turn on their computer also].

 

The promotee officers association[ITGOA] is silent on this discrimination though a number of their members, the A.O.s, P.S are denied from their part of incentive.

 

And more surprisingly the staff association [ITEF] is also not vocal about this injustice. They agitate in each and every issue of any discrimination but totally silent in this issue, probably for some vested interest.

 

The Dept. is on the way of fully computerization and it is the staff members who actually work on Departmental softwares who are not considered fit for getting the laptop. It is a pity that a large number of promotee officers who are in the fag end of their service and hardly know their own user id and password {which has been given to staff unofficially to work on his behalf} will be awarded with state of art laptop.

 

Hope the P.M. who is also in charge of Finance Ministry now will intervene and take necessary judicious action.

Please post your comment on this issue.

Central Govt. Employees may go to indefinite strike

The National Executive of the Confederation met on 13.12.08 as per the notice issued.  The meeting was presided over by Com. S.K.Vyas.  The meeting reviewed the implementation of the decision taken at the meeting held at New Delhi on 26^th August, 2008.  Taking into account that most of the affiliates have endorsed the decision taken to organize an indefinite strike action in pursuance of the 20 point charter of demands.

Charter of demand

Part I. 6^th CPC related issues

 

1.         Grant Rs 10000 as minimum wage as per 15 ILC Norms.

 

2.         Grant minimum fitment benefit of 2.625 times of pre-revised basic pay to bring about uniform rise of 40% in emoluments and raise grade pay to 50% of the maximum of the pre-revised scales in respect of PB 1,2 & 3 as has been done in the case of PB 4.

 

3.         No abolition of Gr.D. Posts and functions. Lift ban on recruitment, fill up all vacant posts and scrap screening Committee.

4.         Grant 10% of pay+ Grade pay as minimum benefit on promotion or financial up gradation.

 

5.         Fix the date of effect of all allowances as 1.1.2006.

 

6.         No performance related pay or bonus scheme

 

7.         Revise the Transport and daily allowances as demanded by the staff side JCM National Council.

 

8.         Remove the condition of 6 months for applying the uniform date of Ist July as increment dates.

 

9 .        ACP to be on hierarchical system obtaining in each department.

 

10.        Retain and improve CGHS and make insurance scheme optional

.

11.        Implement flexitime working hours for women/disabled employees as recommended by the 6 CPC.

 

12.        Direct all the Departmental Heads to settle 6^thCPC related department specific demands/problems within a stipulated time and remove clause (iv) of OM No.13019/2/2008-Estt.(L) dated 18^th Nov. 2008 on Child Care Leave.

 

13.        Grant civil servant status and Pension to 'Gramin Dak-Sevaks.'

 

14.         No reduction in the commutation value and restoration of full pension after 12 years.

 

15.        Compute the pension entitlement on the basis of notional pay as on 1.1.1996

Part II

Demands pending settlement for long in the National Council JCM

1.   No outsourcing or contractorisation  of Govt. functions.

 

2. Grant statutory defined pension scheme to the employees recruited after 1.1.2004 and  withdraw the PFRDA Bill from Parliament.

 

3. Implement the Board of Arbitration Awards.

 

4.Remove the arbitrary 5% ceiling and 3 years condition on compassionate appointment and withdraw court cases and absorb all waitlisted RRR candidates.

 

5. Implement the revision of bonus ceiling @ 3500/- in the case of  all personnel employed by the Government including casual/contingent and daily rated workers and Grameen Dak Sewaks. Replace adhoc bonus  with the PLB and remove the 60 days ceiling.

Departmental demands:

1.         Place the non-metric Group D Staff in PB I with grade pay of Rs 1800/- as per 6CPC recommendations within three months.

2.         Place the Inspectors, AOs Gr III and Private Secretaries who were in the pre revised pay scale of Rs. 6500-10500 in the grade pay of Rs. 4600/- as per the notification of the Government vide Clause (v) of Section I of Part B dated 29.8.2009.

3.         Integrate the excess staff car drivers in the mainstream cadres depending upon their     educational qualification.

4.         Grant grade pay of Rs 2000/- to LDCs on par with the Notice Servers.

5.         Place all Tax Assistants and Steno Gr.III with requisite qualification in PB 2 with grade pay of Rs 4200/- immediately and others on completion of residency period of three years.

6.         Grant Grade pay of Rs 4600/- to Office Superintendents.

7.         Grant grade pay of Rs 4800/- to Inspectors, Administrative Officers and PSs.

8.         Place Income-tax Officers in PB 3 with grade Pay of Rs 5400/-.

9..        Restructure the Cadre of Administrative Officers as suggested by the JCA.

10.        Accord notional effect of pay revision to Inspectors and ITOs from 1.1.1996.

 

 

 The indefinite strike will commence from 20^th January, 2009.

Source : CONFEDERATION OF CENTRAL GOVERNMENT EMPLOYEES AND WORKERS

Cadre Review and Restructuring of Income tax Department

Cadre Review and Restructuring of Income tax Department In light of the DoPT, Government of India, decisions pursuant to the 6th Central Pay Commission recommendation, a Cadre Review exercise has been initiated for restructuring of Income tax Department to enable and equip the Department to meet challenges of today and tomorrow. A Cadre Review committee has been constituted in this regard. The report shall be submitted to CBDT within 3 months.

See here for Official Order.