Commencement of Electronic Verification of Income Tax Returns for AY 2015-16
To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically.
A taxpayer may verify his return through Internet Banking or through Aadhar based authentication process. Persons using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru.
For the convenience of small taxpayers having total income of Rs. 5 lakhs or below without any claim of refund, facility for generating Electronic Verification Code (EVC) has also been provided on the E-filing website of the Department. In such cases EVC will be sent to the Registered Email ID and Mobile Number of person to enable him to thereafter use this code to verify the return.
In case a taxpayer is unable to electronically verify the ITR using the EVC for any reason, then, the signed copy of ITR-V may be sent within the specified time of 120 days to CPC Bengaluru by Ordinary post or Speed post.
Details regarding e-verification are available in Notification 2/2015 in issued on 13th July 2015 at http://incometaxindia.gov.in/
Taxpayers are requested to use Electronic Verification facility in view of the convenience and flexibility offered. Taxpayers are also requested to e-file their returns early to avoid the rush closer to the last date.
Source:http://www.pib.nic.in/ | |
Showing posts with label INCOME TAX. Show all posts
Showing posts with label INCOME TAX. Show all posts
Wednesday, July 15, 2015
Commencement of Electronic Verification of Income Tax Returns for AY 2015-16
Saturday, March 28, 2015
Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes
Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes
In view of closing of the current financial year, the Central Board of Excise and Customs [CBEC] has decided to keep open all the field offices under the Chief Commissioners of Customs/Central Excise/Service Tax on 28th March, 2015 (Saturday) to facilitate the tax-payers in payment of taxes/filing returns and in carrying out other procedural formalities and to provide any clarifications which may be required by the tax payers. This special measure taken by the Central Board of Excise and Customs [CBEC] is in addition to the 24x7 facilities which is provided by the Customs formations at the ports and airports.
Source:http://www.pib.nic.in/  | |
Tuesday, February 18, 2014
'BJP vision panel may propose no income tax on salaried class'
'BJP vision panel may propose no income tax on salaried class'
Senior BJP leader Subramanian Swamy today said his party's vision committee might propose either "no income tax" on the service class or give full tax exemption on their net savings.
"The party's vision committee headed by Nitin Gadkari plans to propose either abolition of income tax on the service class or give full exemption of IT on their net savings," Swamy told reporters after delivering a lecture on "Indian Economy: Present Crisis and Way Forward" here.
Due to IT people are stashing away black money abroad to evade tax, he said, adding that the committee would propose the party to put tax on people earning more than Rs 1 lakh per month, and those saving in shares, bank, stock debentures should be given full relief from IT.
If rate of saving increases, the country GDP's will also increase, and it would help generate employment, Swamy said.
Source:BS | |
Thursday, August 22, 2013
All Tax Payers should file their Income Tax returns even after deadline...
All Tax Payers should file their Income Tax returns even after deadline...
A press release of PIB Mumbai said that those who missed the deadline of August 5 can still file their income tax returns...
IT Department urges all those tax payers to file their IT Returns, who missed even the extended deadline of August 5.
The Income Tax Department has urged all those tax payers who have not filed their Income Tax Returns, even by the extended deadline of August 5, 2013, to file their returns at the earliest to keep away unavoidable difficulties.
Those who missed the deadline of August 5, 2013 can still file their IT Returns. If all your taxes are paid and there are no refunds to be claimed it is quite straight and simple. The IT return can be filed before March 31, 2014. If the return is not filed by March 31, 2014, there will be a penalty of Rs 5000 that will be levied. Those with tax dues will have to pay late payment fee leviable for every month of delay since April 2013.
All those with total income of Rs 5 lakh and above and all those having foreign assets have to mandatorily file their IT returns online. More than 1.23 crore tax payers filed their returns online this year. Those with total income less than Rs 5 lakh can file their returns off-line.
While Income Tax Department gives taxpayers certain grace period to file their returns, there are certain disadvantages associated with late filing of IT returns. Those who file their returns late, can not modify their returns if there are any mistakes. They also can not carry forward any short term and long term losses.
The Department keeps a close watch on transactions and possesses necessary tools to detect tax evasions. A person defaulting in filing returns of income could be liable for prosecution u/s. 276CC of the Income Tax Act, 1961.
Conviction may result in rigorous imprisonment for a term not less than six months but which may extend to seven years and a fine, if the tax liability which has been evaded exceeds Rs 25 lakhs. In other cases ( tax evasion below Rs.25,00,000/-), a defaulter would be liable for conviction for not less than three months but which may extend to two years and a fine.
It may be recalled that recently, the Additional Chief Metropolitan Magistrate, New Delhi sentenced a tax payer to six months imprisonment in one assessment year and one year imprisonment in subsequent Assessment Year for repeating the offence of not filing return of income.
PIB News
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Tuesday, July 9, 2013
Implementation of the approved Restructuring of the Income Tax Department
Implementation of the
approved Restructuring of the Income Tax Department
DIRECTORATE OF INCOME TAX
(Human Resource
Development)
Central Board of Direct
Taxes
Department of Revenue
Government of India
D.O F.No.HRD/CM/102/3/2009-10(Pt)/1102
Date 2nd July, 2013
C.R.I. - 13/1(Core Comm.) : Corr.No.2
Dear
Sub:- Implementation
of the approved Restructuring of the Income Tax Department
1. On 23-05-2013, Government has approved Cadre Restructuring of
the Department for the creation of 20,751 additional posts and for carrying out
various measures to increase the effectiveness of the Department. Details of
the earlier and post-restructuring sanctioned strength are at Annex. A.
a. Number of assessment units (AUs) to be increased by 1080 from
3420 to 4500, for strengthening the tax-administration.
b. Expected net additional revenue of Rs. 25,756.04 crores per
annum against expenditure of Rs. 449.71 crores per annum.
c. Each Range to have one more Assessing Officer.
d. Increase in the number of Administrative CsIT deployed on
assessment related functions to increase from 228 to 250.
e. 114 Special Ranges to be created. with adequate supporting
manpower.
f. Creation of reserves numbering 620 created in the IRS cadre.
g. Bifurcation of the posts of the CITs in the HAG and SAG
scales. on functional basis.
h. Upgradation of all existing 116 posts of CCsIT in HAG+ and
Apex scales along with an increase of their number by 1 post.
i. Strengthening of the training set-up with creation of three
more RTIs.
j. Directorates to be strengthened/reorganised. All the attached
Directorates of CBDT to have a merged cadre of employees, except for EDP cadre
of Directorate General of Systems, which would remain a separate cadre.
k. New areas such as Risk Management to he taken up. Critical
functional areas such as International Tax, Investigation, and TDS etc need to
be expanded.
l. Strengthening the Appellate/Advocacy Structure by increasing
the number of CIT Appeals and providing them supporting manpower. Advocacy
structure in the ITAT to be strengthened.
3. Further details on the above proposals are enclosed for your
information as Annex. B.
4. The induction of additional manpower across various levels
along with implementation of the restructuring need to be carried out at the
earliest, but in a planned and phased manner. To facilitate the process CBDT
has constituted a Core Committee and is in the process of constituting other
Sub-committees to handle various areas of implementation.
5. The primary objectives of the strengthening/restructuring
exercise are to improve the efficiency of the Income Tax Department, maximize
revenue collection and provide better services to the taxpayers, apart from
improving career prospects of the employees.
6. The time-bound and successful implementation of Cadre
restructuring can be achieved only with the pro-active participation of all the
Cadre Controlling Authorities and concerted efforts of all officers and staff
of the Department.
7. While the Core Committee and Sub-committees would be
facilitating the implementation in consultation with all concerned, it is
requested that all Cadre Controlling Authorities may immediately commence the
preparatory exercises for implementation by taking the following steps:
a. Constitute implementation Committees in their Regions
representing all stakeholders.
b. Nominate nodal officer(s) who would be interacting with the
Core Committee for providing inputs and obtaining feedback.
c. Take up the process of data collection on subjects such as
organizational hierarchies, post, deployment, workload, expenditure budget,
revenue collection, logistics including infrastructure and location of offices
and any other issues that may be specific to the Region as may require to be
considered during implementation Standardized format for communication of the
required information would be provided to you at the earliest.
d. Take up the exercise of updating the APARS of all employees
so that the process of DPCs is not held up or delayed on this account.
8. A detailed interaction with all Cadre Controlling Authorities
and members of the Core Committee and Sub-committees will be held in Delhi at
the Conference Hall of the Civic Centre at 10.00 a.m. on July 5 2013 to
familiarize all concerned with the details of the Cadre restructuring proposals
and discuss the terms-of-retèrence of each Sub committee for co-ordinated
implementation of the Cadre Restructuring. Your valuable presence at the
meeting is requested. The Agenda for the day’s programme shall be sent
separately.
9. It is further requested that action on the matters referred
to in Para 7 above may kindly be initiated immediately as this would facilitate
meaningful and informed discussions during the proposed interaction.
10. We look forward to your whole-hearted co-operation and
participation in this vital exercise, along with your cadres, to ensure that it
is successful implemented at the earliest and yields the best results to equip
the Department to meet its challenges in the future.
with regards,
Yours sincerely,
sd/-
(T.Jena)
ANNEXURE A
TOTAL ADDITIONAL POSTS CREADTED = 20,751
TOTAL POSTS AFTER CADRE RESTRUCTURING = 78,544
*Scale earlier occupied by CCIT/DGIT who are now upgraded
ANNEXURE B
SALIENT
ASPECTS OF THE CADRE RESTRUCTURING PROPOSALS
a) Upgradation of CCIT level posts to Apex and HAG+ scales.
Thus, all the existing CCsIT/DGs (plus one new post of DG) would be upgraded to
these two levels. The posts in Apex scale (to be re-designated as Principal
Chief Commissioner/Pnncipal DG) will be as under:
i Cadre Controlling CCs 18
ii. Directorates-General (Attached offices of CBDT) 7
iii. DG (International Tax) 1
-------------
Total 26
‘DGsIT: I. Administration. 2. Vigilance. 3. uman Resource
Development, 4. Legal & Research, 5. Logisitics, 6.Systems, &
7.Training.
The remaining 91 would continue to be designated as Chief
Commissioner/Director General but would be placed in the HAG+ scale of Rs
75,500 - 80.000/-.
b) The number of posts in the HAG scale of 67,000-79.000/- to be
increased from 116 to 300. No post of CCIT/DGIT would henceforth exist in this
scale. CIT level officers would he placed in this scale and re-designated as
Principal Commissioner/Principal Director:
c) The remaining CIT level officers would continue to be
designated as CIT and would also continue in the Pay Band-4, with Grade Pay of
Rs.10.000/-. The total number of posts in the scales of CIT/Pr. CIT would
increase by 204 ( up from a total of 731 to 935).
d) Increase in the number of Jt/Addl CIT by 322. The number to
go up from the existing 1253 to 1575.
e) Numbers of DOT to increase from 1358 to 1394. ie by 36.
f) ACIT level posts to go up by 166, from 734 to 900.
g) Total increase in staff strength by 20,751 as under:
(I) Group A
Duty posts 729
Reserves 620 1349
(ii) Group B 2.064
(iii) Group C 17.338
--------------
20.751
h) Ranges to have six AO (presently 5), excluding TRO, Corporate
Ranges to have 2 AC/DC and other Ranges to have 1 AC/DC. Total number of
Assessment Units (AU) will go up by 1080. Span of control of Pr. CIT will go up
from 15 AU to I8 AU.
i) Reserves of 620 posts at ACIT level created as against
existing Nil.
j) Three new DTRTIs to be created at Patna, Bhopal and Delhi.
k) Three new DIT (Inv)s to he created at Chennai, Dehradun and
Goa.
l) All attached Directorates of CBDT to have merged cadre of
employees.
m) Financial outgo on newly created posts Rs. 449.71 cr
n) Creation of 1080 additional Assessment Units
o) Creation of 114 SpeciaI Ranges with supporting manpower
including ITOs to make them effective.
12. Some of the specific measures included in the Cadre
Restructuring exercise to strengthen/reorganize functions in the Department are
as under:
(i) The Appellate/Advocacy Structure.
1 CIT (Appeals) per Range for Central and Corporate CIT charges.
Accordingly,
48 CsIT (Appeals) for Central charges.
81 CsIT (Appeals) in Corporate charges comprising 81 corporate
ranges.
1 CIT (Appeals) each for other administrative Commissioners.
Each CIT Appeals to have adequate supporting staf, including one Inspector to facilitate and assist in the appeal process, and improve the 1st Appeal system.
CsIT (DRs) and Sr. DR (Addl/Jt CIT level) to be assisted by 1
ITO each (total 179 ITOs) for litigation work, to strengthen the Departmental
advocacy system in the Income Tax Appellate Tribunals (ITAT).
Further 2 DCIT/ACITs to be posted against each ITAT Bench
CsIT (Judicial) to be strengthened by providing supporting
manpower, to strengthen the Advocacy structure.
(ii) Investigation
1 additional posts of DsIT (Investigation) to be created at Goa
(Panaji), Chennai (having jurisdiction over Investigation Units at Coimbatore,
Madurai and Pondicherry) and Dehradun for Uttarakhand).
(iii) TDS, International Taxation & other Support Functions
1 additional CIT (TDS), Charge each in Delhi & Mumbai taking
the number of TDS Commissionerates to 20.
6 CCsIT (TDS) ( one each stationed in Delhi, Mumbai, Chennai,
Kolkata, Bangalore and Pune), Directorates of International taxation increased
from existing 7 to 13 and re-organised as Commissionerates of Income Tax
(International Taxation).
Directorates of Exemption re-organised as Commissionerates of
Income Tax and number of DGIT (Exemption) to be increased to 4 CCsIT placed at
four metro cities. Number of CsIT (Exemption) to be increased from 7 to 8.
8 Directorates of Transfer Pricing to be increased to 10.
3 Ranges per CIT for International Taxation & Transfer
Pricing with 2 DCs/ACs per range.
Number of CIT(Audit) to be reduced from existing 21 to 18m,
placing one CIT in each CCIT(CCA) Region by abolishing 1 post each in Delhi,
Mumbai and Chennai.
Number of CIT (Computer operations) to be increased from
existing 17 to 18 posts, with one CIT in each CCIT (CCA) Region.
(iv) Strengthening/Restructuring the Directorates:
Attached Directorates of CBDT to be reorganized and renamed on
functional lines, and the designations of IRS officers to be aligned on the
lines of Ministries and attached offices of other Departments
.
Cadres of the attached Directorates to be merged, with cadre
control resting with the DGIT ( Admin)
Restructuring of some Directorates along with formation of new
Directorates, including new Directorates General of, 'Risk Assessment', to
cater to the changing and emerging needs of the Department
(v) Strengthening of the specialist support Cadres
289 new posts created in the Electronic Data Processing ( EDP)
Cadre ( existing 321)
151 new posts in the Official Language (OL) Cadre ( existing
203)
228 new posts in the Personal Secretary ( PS) Cadre (existing
228)
570 new posts in the Administrative Officers (AO) Cadre (
existing 814)
The above new posts have been created to strengthen the Systems
and administrative support systems throughout the Department, and to also
improve career prospects and promotion avenues to the Cadres.
This strengthening structuring exercise is expected to improve
the efficiency of the Income Tax Department resulting in increased revenue
collection and better services to the taxpayers.
Source: www.incometaxindia.gov.in [http://www.incometaxindia.gov.in/archive/BreakingNews_DepartmentOrder_03072013.pdf] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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