Thursday, July 22, 2021

Department gearing up for Income Tax day celebration

 


Illuminated photo of an Income Tax building in Kolkata

Tuesday, July 20, 2021

All India transfer order for ACIT/DCITs released

Much waited transfer list for ACIT/DCITs released today.

Click here for All India Transfer List 

(Office Order No. 182/2021 Dated 20/07/2021)

Sunday, February 28, 2021

Time Bar extended one month for assessment, 3 months for penalty

 S.O. 966(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act), and in partial modification of the notification of the Government of India in the Ministry of Finance, (Department of Revenue) No.93/2020 dated the 31st December, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 4805(E), dated the 31st December, 2020 (hereinafter referred to as the said notification), the Central Government hereby specifies, for the purpose of sub-section (1) of section 3 of the said Act, that,— (A) where the specified Act is the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act) and the completion of any action, as referred to in clause (a) of sub-section (1) of section 3 of the said Act, relates to passing of any order— (a) for imposition of penalty under Chapter XXI of the Income-tax Act, — (i) the 29th day of June, 2021 shall be the end date of the period during which the time limit specified in or prescribed or notified under the Income-tax Act falls, for the completion of such action; and [भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 (ii) the 30th day of June, 2021 shall be the end date to which the time limit for completion of such action shall stand extended; (b) for assessment or reassessment under the Income-tax Act, and the time limit for completion of such action under section 153 or section 153B thereof, — (i) expires on the 31st day of March, 2021 due to its extension by the said notification, such time limit shall stand extended to the 30th day of April, 2021; (ii) is not covered under (i) and expires on 31st day of March, 2021, such time limit shall stand extended to the 30th day of September, 2021; (B) where the specified Act is the Prohibition of Benami Property Transaction Act, 1988, (45 of 1988) (hereinafter referred to as the Benami Act) and the completion of any action, as referred to in clause (a) of sub-section (1) of section 3 of the said Act, relates to issue of notice under sub-section (1) or passing of any order under sub-section (3) of section 26 of the Benami Act,— (i) the 30th day of June, 2021 shall be the end date of the period during which the time limit specified in or prescribed or notified under the Benami Act falls, for the completion of such action; and (ii) the 30th day of September, 2021 shall be the end date to which the time limit for completion of such action shall stand extended. [Notification No. 10/2021/F. No. 370142/35/2020-TPL] SHEFALI SINGH, Under Secy., Tax Policy & Legislation Division Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide S.O. No. 4805 dated 31st December, 2020.

Wednesday, October 21, 2020

Order issued for 30 days' Non-Productivity linked bonus for central employees for 2019-20

After a long wait and full of uncertainty, Govt. finally came out with grant of bonus for central govt employees.
All non gazetted employees of central govt. will get 30 days' non productive linked bonus for the year 2019-20.
Applying a ceding of Rs 7000/- per month, the amount payable stands at Rs 6908/- as usual.

DoPT granted concurrence of extending ad-hoc appointment of Income Tax Officers

CBDT''s communication to all Pr CCIT(CCA)s dated 20.10.2020 

"I am directed to refer to the abovementioned subject and to convey concurrence of the Department of Personnel & Training (DoP& T) in respect of 694 officers, as in Annexure-A, for extending the ad-hoc appointment to the grade of In,come Tax Officer till 31.12.2020, made by the respective Cadre Controlling Authorities (CCAs).

Click here for the communication and list of officers

It may be pertinent to state here that the CBDT has issued instructions regarding timely submission of proposals to the Board for seeking approval of the DoP& T for extension of Ad-hoc appointments of the officers working under the administrative control of the respective CCAs. Despite it, some of the CCAs had submitted the proposal to the Board even after the existing term of Ad-hoc appointment of few officers had expired. The DoP&T has taken it very seriously.

 All the CCAs are, therefore once again requested to follow the instruction contained in DoP&T OM No. 28036!8!87-ESTT.D dated 30.03.1988 in case of Ad-hoc appointment without any fail. In future, if the proposal for seeking approval of the DoP&T regarding extension of Ad-hoc appointment i.r.o. ITOs is not received in CBDT well before 90 days of the date on which their term would cease to exist, such proposal shall not be considered and the concerned CCA would require to take action in such case in accordance with DoP& T's OM dated 30.03.1988.  In case, DOP&T's approval for further extention of any of the ITO's out of the list of 694 officers is required, a proposal with justification should reach to the undersigned on or before 31.10.2020 by post or email at y.sharma@nic.in, failing which the Department may not be in a position to process the requests of the respective CCA's."

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