Cadre review cleared by group of ministers

Cadre review cleared by group of ministers Paving the way for launching a massive recruitment drive to hire around 19,000 tax officials across the country in the next couple of years, the group of ministers on cadre restructuring of income tax department on Monday gave its nod to the proposal of substantially increasing the strength [...]

April 30, 2013  Tags: , , ,   Posted in: Uncategorized  No Comments

Withdrawal of Clarification dated 05.09.2011 on Grace Marks Policy for promotion

Withdrawal of Clarification dated 05.09.2011 on Grace Marks Policy for promotion The Clarification dated 05.09.2011 delegating the job of application of Grace Marks Policy to DPCs is withdrawn. F.No. DE-2009/ITO/SCT/Availed Benefits/DIT(IT)/5466 DIRECTORATE OF INCOME TAX (IT) Ministry of Finance, Department of Revenue Dated : 13.12.2012 Withdrawal of clarification -I dated 05.09.2011 This Directorate vide F.No.DE-2009-2011/ITO/SCT/Availed [...]

December 18, 2012  Tags: , , , , , , , , ,   Posted in: I Tax  No Comments

Income Tax Section 80CCG – Finmin approves of the new ‘Rajiv Gandhi Equity Saving Scheme’ (RGESS)

New Tax Saving Scheme under Income Tax Section 80CCG – ‘Rajiv Gandhi Equity Saving Scheme’ (RGESS) Finance Minister approves the Operational Features of the Rajiv Gandhi Equity Savings Scheme (RGESS) The Union Finance Minister Shri P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS),exclusively for the first time retail investors [...]

December 1, 2012  Tags: , , , ,   Posted in: I Tax  No Comments

Income Tax Refund Status – Check your status through online…

Income Tax Refund Status – Check your status through online… ‘Refund Banker Scheme’ – Check your Income Tax Refund status through online The Income Tax Department has already introduced the provision to know the status of Income Tax Refund through online. As shown in the official website of TIN-NSDL you can verify the status of [...]

November 20, 2012  Tags: , , ,   Posted in: I Tax  No Comments

INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 201 2-2013 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961

OFFICE OF THE CONTROLLER GENERAL OF DEFENCE ACCOUNTS Ulan Batar Road, Palam, Delhi Cantt-110010 No.AN/XIV/14119/l.Tax-IX Dated 09.11.2012 To All the PCsDA /CsDA (Through CGDA Mail Server) SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 201 2-2013 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961. Government of India, Ministry of Finance, Department of Revenue, Central [...]

November 12, 2012  Tags: , , , , ,   Posted in: I Tax  One Comment

Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts

CBDT Relaxes Compulsory E-Filing of Return of Income for Assessment Year 2012-13 – for Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which [...]

July 31, 2012  Tags: , , , ,   Posted in: I Tax  No Comments

DOPT has cleared Cadre Restructuring Proposal of Income Tax Department

CADRE RESTRUCTURING PROPOSAL The DOPT has at last cleared the Cadre Restructuring Proposal. There has been a reduction of 398 posts in the Group-A cadres up to the level of DCIT. The proposal in respect of Gr.B & Gr.C have already been cleared by the Department of Expenditure and Finance Minister without any changes. Now [...]

February 14, 2012  Tags: , , ,   Posted in: DOPT Orders  No Comments

Fixation of Pay consequent upon 6th Pay Commission in cadres of Inspectors / PAs / AOs – reg.

Fixation of Pay consequent upon 6th Pay Commission in cadres of Inspectors / PAs /AOs in Income Tax Dept. Consequent upon the upgradation of pay recommended by sixth CPC as 6500-10500 to 7450-11500 with Grade Pay of Rs.4600, many dept. has done fixation as on 01.01.2006 with basic pay as Rs.7450 for these cadres. But [...]

January 19, 2012  Tags: , ,   Posted in: Uncategorized  3 Comments