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28/06/2015

All you need to know about tax returns

The tax authority has introduced a new set of forms for filing returns; it is important to fill the correct one
Pradeep Gaur/Mint
It is that time of the year when you get your Form 16 from your employer and gear up to file income tax returns (ITR) for the financial year gone by. This year the government has come out with a new ITR form. Also there is more to disclose while filing returns—you need to provide your passport number and details of all bank accounts, among others. “This time when you file returns, you will have to pay very close attention to the information you submit such as disclosing all bank account details and details of your foreign assets. Ordinarily resident taxpayers need to be careful as they are required to provide detailed information about their overseas income or assets in view of enlargement of the scope of reporting in schedule FA (foreign assets) to Form ITR-2,” said Kuldip Kumar, partner and leader-personal tax, PwC.
Despite all the changes in the ITR forms and details that you need to submit, you can still file ITR on your own. Mint Money takes you through the details of who needs to file returns, documents required, how to pick the right form and how to file it.
Who needs to file return?
Any individual who has a taxable income should file tax return. Currently, if you are below the age of 60 and have an annual income of up to Rs.2.5 lakh, you are exempt from tax. Any income above Rs.2.5 lakh is taxable. If you have taxable income, you have to file the return irrespective of whether you have paid taxes or not. “As per section 139 of the Income-tax Act, 1961, an individual would be required to file the India tax return in the following cases—if the total income (i.e., before claiming any specified deductions under chapter VIA of the Act)

7th Pay Commission News Center: Central Government Employees with Rs. 21000 basic ...

7th Pay Commission News Center: Central Government Employees with Rs. 21000 basic ...

7th Pay Commission News Center: 7th pay commission has many things in its baggage,...

7th Pay Commission News Center: 7th pay commission has many things in its baggage,...

27/06/2015

General Pool Accommodation not to be shared except family and immediate relations

GOVERNMENT OF INDIA
MINISTRY OF URBAN DEVELOPMENT
(DIRECTORATE OF ESTATES)
New Delhi, the 10th June, 2015
NOTIFICATION
G.S.R.____. In pursuance of the provisions of rule 45 of the Fundamental Rules, the President hereby makes the following further amendments to the Allotment of Government Residences(General Pool in Delhi) Rules 1963, namely:-
1. (1) These rules may be called the Allotment of Government Residences (General Pool in Delhi) Amendment Rules, 2015.
(2) They shall come into force on the ‘date of their publication in the official Gazette.
2. In the Allotment of Government Residences (General Pool in Delhi) Rules 1963,
(i) in Supplementary Rule 317-8-2, after clause (0), the following clauses shall be inserted, namely:
‘(p) “immediate relations” mean such relations as grandfather, grandmother, grandsons, granddaughters, father-in-law, mother-in-law, son-in-Iaw, daughter-in-Iaw and such other relation established by legal adoption to the allottee;
(q) “guest” means a casual visitor for temporary stay with the allottee.';
(ii) in Supplementary Rule 317-B-6, after sub-rule (4), the following sub- rule shall be inserted, namely:-
“(5) Every officer shall along with an application under sub-rule (1), submit an undertaking with a declaration that he shall not sublet a residence allotted to him or any portion thereof or any of the out- houses, garages or stable appurtenant thereto, after acceptance of the same”;
(iii) in Supplementary Rule 317-B-20, (a) for sub-rule (1), the following sub-rules shall be substituted,
namely:-
(1) No officer shall share the residence allotted to him or any of the out-houses, garages and stables appurtenant thereto except with his family and immediate relations.
(1A) The servant quarters, out-houses, garages and stables may be used only for the bonafide purposes includingresidence of the servants of the allottee or for such other purposes as may be permitted by the Director of Estates.
(1 B) The allottee who share the residence with his family and or immediate relations shall provide prior intimation to the Director of Estates in such form, as may be specified by the Directorate of Estates, furnishing full particulars of his family members and / or immediate relations residing in the residence allotted to him.
Provided that the details of casual visitor or visitors, if such visitor or visitors is likely to stay for more than fifteen days, shall be intimated to the Director of Estates in such form, as may be specified by the Directorate of Estates, intimating full particulars of the individual or individuals”;
(b) for the proviso to sub-rule (2), the following proviso shall be substituted, namely:-
“Provided that an allottee proceeding on leave may accommodate, in the residence any member of his family or immediate relations, as a caretaker, by submitting, along with his leave application, the details of such member of his family or immediate relation, to his office or controlling authority who shall place the same on record:
Provided further that the maximum period of such accommodation by a caretaker shall be as specified in SR 317-B-1 1 (2) but not exceeding six months”;
(iv) in Supplementary Rule 317-B-21,
(a) for sub-rule (2) the following sub-rule shall be substituted, namely:-
“(2) If an officer sublets a residence allotted to him or any portion thereof or any of the out-houses, garages or stable appurtenant thereto, in contravention of these rules, he may without prejudice to any other action that may be taken against him, be charged such damages from the date of inspection by the Directorate of Estates, as may be determined by the Central Government from time to time, in this respect”;
(b) after the sub-rule (3), the following sub-rule shall be inserted, namely:-
“(3A) Where an action to cancel the allotment is taken on account of unauthorised subletting of the premises, a direction shall be issued by the Director of Estates to the concerned administrative office of the allottee for the purposes of initiation of Departmental proceedings and for imposition of major penalty, along with the copy of a draft charge sheet; and the administrative Ministry shall intimate the Director of Estates the details of the charges framed and the penalty imposed on the allottee under this rule.”
[F.No.12035/4/2014-Pol.ll]
(Swarnali Banerjee)
Deputy Director of Estates (Policy)

24/06/2015

Download ITR-1, ITR-2, ITR-2A 2014-15 for Salaried Employees released by IT Dept


Income Tax Returns for the year 2014-15 (Assessment Year 2015-16) were originally notified in the month of April 2015. However, on representations from income tax payers for certain complications in the filing of Income Tax Returns, Govt came forward to revise ITRs after simplifying those.
Consequently, Income Tax Department has released ITR-1, ITR-2, ITR-2A, and ITR-4S now after simplification.

No major change in ITR-1

ITR-1 will be applicable to Salaried Employees having Income or loss from only one house property and without Capital Gains

ITR-2A for Salaried Class with out Capital Gains and more than one House Property

ITR-2A will have to be filed by Salaried Employees who have income or loss from more than one house property and without Capital Gains.
ITR-2 is meant for Salaried Employees who have income or loss from more than one house property and having Capital Gains.
From the Instructions for filing of Income Tax Returns released by IT Department along with ITR, it could be concluded that Majority of Salaried Employees will be covered by ITR-1 and ITR-2A as number of Salaried Employees who have Capital Gains will be very minimal.
We provide here the important instructions issued by Income Tax Department for filing Income Tax Returns for the year 2014-15 (Assessment Year 2015-16)

Common Instructions for Filing ITR for the Year 2014-15 (Applicable to ITR-1, ITR-2 and ITR-2A)

1. Applicable for Income Tax Assessment year 2015-16 i.e., Financial Year 2014-15.
2. Income Tax Return Form can be filed with the Income-tax Department in any of the following ways, –
(i)   by furnishing the return in a paper form;
(ii)  by furnishing the return electronically under digital signature;
(iii) by transmitting the data in the return electronically under electronic verification code;
(iv) by transmitting the data in the return electronically and thereafter  submitting the verification of the return  in
Return Form ITR-V;
3. From the assessment year 2015-16 onwards any assessee (other than an individual of the age of 80 years or more at any time during the previous year) having a refund claim in the return or having total income of more than five lakh rupees is required to furnish the return in the manner provided at 5(ii) or 5(iii) or 5(iv).
4. Where the Return Form is furnished in the manner mentioned at 5(iv), the assessee should print out two copies of Form ITR-V.  One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka). The other copy may be retained by the assessee for his record.
5. No document (including TDS certificate) should be attached to this Return Form.  All such documents enclosed with this Return Form will be detached and returned to the person filing the return.
6. While filing Paper ITR (Manual filing of ITR) filling out the acknowledgement – ITR-V is neccessary. Only one copy of ITR-V is required to be filed.

Instructions for filing ITR-1

Who can use ITR-1 ?
ITR-1 is to be use by an individual whose total income for the assessment year 2015-16 included:
a) Income from Salary / Pension; or
b) Income from One House Property (excluding cases where loss is brought forward from previous years); or
c) Income from other sources (excluding winning from Lottery and income from race horses)
NOTE : When income  of another   person  like spouse, minor  child, etc. is to be clubbed  with the  income  of the  assessee,   this  Return Form can be used only if the income  being  clubbed  falls into the above  income categories.
Who can not use ITR-1 ?
ITR-1 can not be used  by on individual   whose  total  income  for the assessment   year  2015-16  includes:-
a) Income from  more than  one house  property;   or
(b) Income from Winnings  from lottery  or income from  Race horses;  or
(c) Income  under  the  head  Capital  Goins e.g.,  short-term    capitol  gains  or long-term   capital gains from sale of house,  plot, shopes  etc.; or
(d) Agricultural income  in excess of Rs. 5,000;  or
(e) Income from  Business or Profession;   or
(f) Loss under the  head  “Income  from other  sources” ; or
(h) Any resident having any asset outside India ; or
(i) Any Resident having income from any source outside India.

Instructions for filing ITR-2A

Who can use ITR-2A ?
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:-
(a)   Income from Salary / Pension; or
(b)  Income from House Property; or
(c)   Income from Other Sources (including Winning from Lottery and Income from Race Horses).
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
Who cannot use ITR-2A ?
This Return Form should not be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes,-
(a)   Income from Capital Gains; or
(b)  Income from Business or Profession; or
(c)   Any claim of relief/deduction under section 90, 90A or 91; or
(d)  Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or
(e)   Any resident having income from any source outside India.

Instructions for filing ITR-2

This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:-
(a)   Income from Salary / Pension; or
(b)  Income from House Property; or
(c)   Income from Capital Gains; or
(d)  Income from Other Sources (including Winning from Lottery and Income from Race Horses).
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
Who cannot use ITR-2 ?
This Return Form should not be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes Income from Business or Profession.

Source - govemployees

22/06/2015

Observance of punctuality in Government Offices

No. 11013/9/2014-Estt.A-HI
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
Establishment A-III Desk
*****
North Block, New Delhi — 110001
Dated June 22nd, 2015
OFFICE MEMORANDUM
Subject: Observance of punctuality in Government Offices.
Instructions have been issued from time to time with regard to the need to observe punctuality by Government servants. Responsibility for ensuring punctuality in respect of their employees rests within Ministries/ Departments/ Offices.
2. The decision to introduce AADI-IAR enabled Bio-metric Attendance System (AEBAS) in Central Government offices, including attached/ sub-ordinate offices, to replace the manual system of marking of attendance to ensure punctuality is to be implemented in all Ministries/ Departments. This Department vide O.M. of even no. dated 21.11.2014 and 28.01.2015, while recognizing that the Biometric Attendance System is only an enabling platform had, inter-alia, stated that there was no change in the instructions relating to office hours, late attendance etc.
3. In this connection attention is invited to Rule 3(1)(ii) of CCS (Conduct) Rules, 1964 which stipulates that every Government servant shall at all times maintain devotion to duty. Habitual late attendance is viewed as conduct unbecoming of a Government servant and disciplinary action may be taken against such a Government servant. It is also added that punctuality in attendance is to be observed by Government servants at all levels.
4. It is also requested that the necessary directions may be issued to all employees to mark their attendance in BAS portal on regular basis.
(Mukesh Chaturvedi)
Director (Establishment)
Tel: 23093176

Download: Observance of punctuality in Government Offices

04/06/2015

Feedback of the National Anomaly Committee Meeting held on 29.05.2015

No.AIRF/NAC Dated: May 29, 2015
The General Secretaries,
All Affiliated Unions,
Dear Comrades,
Sub: Brief on the meeting of the NAC held today under the chairmanship of Jt. Secretary(E), DoP&T, Government of India
As per notification No.11/1/2015-JCA dated 12.05.2015 of the DoP&T(Government of India), meeting of the National Anomaly Committee was held today under the Chairmanship of Jt. Secretary(Estt.), Jt. Secretary(Pers.) and officials from other establishments and Ministry of Railways were also present.
At the outset, Secretary(Staff Side), National Council(JCM), Myself, expressed anguish for communication gap and non-finalization of the issues raised by the Staff Side JCM at various levels, and that is the reason, the staff working in the Central Government is quite agitated.
I also mentioned that, when we met the Secretary, DoP&T, we were given assurance that very soon meeting of the NC/JCM would be held, but unfortunately could not.
NAC was formed seven years back, and up-till now whatsoever had been agreed, that is not implemented, and wherever disagreement, items have not been sent for arbitration. Out of 60 items, only 48 were discussed, and most of them are under review, and there are 12 items which are still pending.
The J.S.(E) assured that the meeting on the pending items would be held soon. On the insistence of the Secretary(Staff Side), she agreed for the meeting on the pending items in the afternoon of 9th June, 2015. She also agreed for giving status papers.
Agenda Items Item No.1 – Review of MACP to GP of Rs.2000 where there is no such grade pay in Railways Though the Official Side was not in the mood to make any change, but on the insistence of the Staff Side, they agreed to review the matter once again.
Item No.2 – Granting of Additional Pay to Loco & Traffic Running Staff The Jt. Secretary(Pers.) asked the Railways to give some more logical arguments, so that they can reconsider the issue of Additional Pay to Loco Pilots and Guards of the Goods Trains.
Item No.3 – Treatment of employees selected under LDCE/GDCE Scheme The Official Side informed that, they have already sent a letter on 27.09.2012, that whatsoever benefit is available to the employees selected under LDCE and GDCE in the ACP, that will continue in the MACPS also. The item is closed.
Item No.4 – Grant of minimum entry pay meant for Direct Recruits to Promotees There had been lots of arguments and when the Staff Side insisted that, in the JCM Scheme, once the items have been finalized and we reach to an agreement in the Standing Committee, there is no provision of referring back the issue to JCM again. The Secretary Staff Side told pointblank to the Official Side that we are not going to yield on this issue, and if the Official Side feels that the Hon’ble Finance Minister has some specific objection for implementing this issue where Promotee should get bottom of the grade where Direct Recruitment is available, we would like our meeting with Hon’ble Finance Minister. The Official Side agreed that they will put up the case to the competent authority to approach the Hon’ble Finance Minister once again.
Shiva Gopal Mishra
GS/AIRF

03/06/2015

Government to go slow on labour reforms

New Delhi: The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government has hit pause on labour reforms.
It has constituted a high-level committee to forge a consensus among all stakeholders on the blueprint for such reforms. Among the items on the table is the controversial proposal to allow retrenchment of up to 300 workers at one go by an enterprise without prior government approval. This committee will engage national trade unions, industry and political parties, both individually and collectively.
In the process, the NDA seems to have signalled a subtle rethink on a controversial policy initiative. Analysts said this recalibration is an outcome of the opposition that the NDA encountered in its efforts to get legislative approval for the new land acquisition law.
BJP president Amit Shah, in an interview on Sunday, said, “We are in discussion with all labour organizations on the issue of labour reforms. The committee will hold discussions with 11 prominent labour organizations. After that, there will a discussions with industry, then there will be a triangular discussion and following that, there will be a discussion with political parties and only after will the government move towards labour reforms.”
The Economic Times reported the formation of the committee on Monday, quoting a letter sent out by the labour ministry informing trade unions that the Prime Minister’s Office (PMO) had set it up with five ministers—finance minister Arun Jaitley, labour minister Bandaru Dattatreya, power minister Piyush Goyal, petroleum minister Dharmendra Pradhan and minister of state in the PMO Jitendra Singh.
While the consultations may reassure trade unions, including BJP-affiliated Bharatiya Mazdoor Sangh (BMS), it can slow down the reform process in New Delhi and state capitals as opposition parties may not support the measures, with an eye on bottom-of-the-pyramid votes.
“The government has set up a committee comprising five ministers because it is under severe pressure. It seems to have softened but how much will only be known after a couple of rounds of discussions,” said D.L. Sachdeva, national secretary of the All India Trade Union Congress, a central trade union. He said the labour minister had indicated that there would be a two-day meeting in the third week of June.
A labour ministry official said the committee was a welcome move and indicative of the government’s mindset of taking everyone along.
“Some may say it will slow down the process of reform. It may do so a bit, but the other side is: once you have consensus, amendments won’t face a problem getting Parliament’s nod,” said the official, requesting anonymity. “We have always maintained that the labour ministry believes in balance—labour reform and workers’ safety,” said the official, adding that the committee, by holding consultations with political parties and trade unions, would help achieve that balance.
The NDA government faced bitter criticism from both opposition parties as well as civil society for not holding consultations on the contentious land acquisition legislation. Under pressure from the opposition, the amended bill was eventually sent to a 30-member joint committee of Parliament on 12 May.
Sachdeva said the government had been moving arbitrarily so far, and this was the first indication of it coming under pressure. Knowing the NDA government, it could lead “only to words and no action”, he added.
Both analysts and opposition parties concur.
Yatindra Singh Sisodia, a professor at the Madhya Pradesh Institute of Social Science Research in Ujjain, said initially the NDA got carried away by its massive mandate. “This (setting up a committee to steer labour law reforms) is in a way a second thought on its part—that it should meet people and try and evolve a consensus,” he added.
“In the latter part of the past year, there has been serious criticism against the government; people have taken a strong stand and that sentiment has reached the government. This is definitely a rethink. Politically, too, labour reform is a sensitive issue; it is dicey for the government and may not be an easy ride,” said Sisodia, also a part of Lokniti, a research programme of the New Delhi-based Centre for the Study of Developing Societies.
Suresh Kodikunnil, a Congress leader and former minister of state for labour and employment, said the committee could merely be an “eyewash” for the labour class, and added that the government was not serious about protecting the interests of workers.
Kodikunnil said the NDA government had “arbitrarily started labour reforms without much consultation”. Even the BJP-affiliated BMS was against the proposed changes, he pointed out, adding, “They are changing the labour laws to help the corporates instead of protecting the working class.”
The labour ministry official said that contrary to what trade unions were saying, the ministry had several rounds of consultations with them and industries on several labour reforms. Labour laws need to change with the times, labour secretary Shankar Agarwal told Mint last week.
Several labour reform proposals are under consideration. The labour ministry plans to consolidate 44 laws into five broad laws. It wants to allow women to work night shifts and intends to allow small factories to comply with just one labour law instead of 14 central laws. Among other changes, it is working to make the National Pension System an alternative to the Employees Provident Fund, and health insurance an alternative to Employees State Insurance Corporation-driven health services for industrial workers.

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