Press Information Bureau
Ministry of Finance, Govt. of India.
Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;
ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.
The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.
ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.
The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes.
Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing.
Dearness Allowance for Central Government Employees with effect from July 2015 will be increased by 6% due to two point increase in All India CPI (IW) for May 2015. With this the total DA will go up to 119% from July,2015 onwards.
Shri Najib Shah, IRS has taken over as the Chairman of CBEC w.e.f. 1-7-2015 onwards. He is 1979 batch IRS (C&CE) officer. The outgoing Chairman Shri Kaushal Srivastava has been appointed as member, Appellate Tribunal for Forfeited Property (ATFP).
We welcome Shri Najib Shah and we do hope that under his able and dynamic stewardship, CBEC will march ahead and many problems besetting our cadre will be settled.
National Mazdoor Conference (NMC) asked the Chairman of Seventh Central Pay Commission to expedite completion of its report on salaries, allowances and pensions of about 80 lakh of central government employees and pensioners. “We urge upon the Chairman of Seventh Central Pay Commission to expedite completion of recommendations and get it finalised by the stipulated time so that there is no delay in its implementation in favour of both Centre and state government employees and pensioners,” National Mazdoor Conference (NMC) President Subash Shastri said.
In a memorandum sent to Justice Ashok Kumar Mathur (retd.), Chairman of the Seventh Central Pay Commission, Shastri appealed to recommend its report to state government as well, “So that the gap arising out of implementation of the Seventh Central Pay Commission recommendations does not mainly go against the interest of state government employees and pensioners.” He also said that keeping in view the rising cost of living, the Pay Commission should effectively formulate strategies to deal with inflation. Shastri earlier said that the pay commission should submit their report to the Central Government at appropriate time, so that it will enable to implement its report from 1st January, 2016.
The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.
The directions issued by the revenue department to Chief Commissioners and Director Generals dealing with indirect taxes are aimed at encouraging voluntary compliance and greater use of the Settlement Commission.
“…It is directed that immediately after issuance of show-cause notice, a letter should invariably be written to the noticee informing him about the scheme of the settlement,” it said in a circular.
The Settlement Commission scheme, it said, has not yielded desired results even after more than 15 years of operation.
“It has been noticed that even after more than 15 years of operation of the scheme, cases through Settlement Commission have not yielded the desired results and very ‘minuscule’ percentage of all show cause notices issued are taken up by the assessee’s for settlement,” CBEC said.
According to it, one of the reasons for “not many assessee’s opting for the said scheme may be lack of awareness of the scheme among them”.
The objective behind the setting up the Settlement Commission was to create a channel whereby tax disputes can be settled “expeditiously and in a spirit of conciliation rather than prolonging them through adversarial attitude”.
Shri Prakash Rao joined in Vizag Zone from Hyderabad on rotational transer and got promoted as Asst.Commissioner there only in last cadre restructuring. He was genial and friendly. The fact that he is no more is difficult digest.
May his soul rest in peace. Our deepest condolences to the bereaved family.