Non-filers of income tax returns will now face a steep fine.

NEW DELHI: Non-filers of income tax returns will now face a steep fine.

For people earning below Rs 5 lakh, filing returns after July will attract a fine of Rs 1,000 and those with earnings above Rs 5 lakh would face a fine of Rs 5,000. “Those who have an income over Rs 5 lakh and file returns after July but till December will face a fine of Rs 5,000. This fine will be raised to Rs 10,000 if the return is filed after December,” revenue secretary Hasmukh Adhia said at a post-budget event organised by the Institute of Chartered Accountants of India. 

At present, there is no fine if the returns are filed with a delay within the assessment year, but a penalty of Rs 5000 could be imposed if the filing was after it. But the income tax department did not aggressively pursue this. Adhia said that there are 50 lakh companies registered in the country of which just 6.9 lakh filed income tax returns. He asked members of the institute to encourage their clients to file returns. 

Govt to look into issues of Aadhaar being made mandatory for select schemes

New Delhi, January 26:  

The Centre is examining various questions raised by Software Freedom Law Centre (SFLC), a legal services organisation, with regard to violation of the Supreme Court’s order against making Aadhaar mandatory for access to certain services, sources close to the development, told BusinessLine.

According to sources, Ravi Shankar Prasad, Minister of Electronics and Information Technology, has recently responded to a letter by Rajya Sabha MP, Rajeev Chandrasekhar, saying he was ‘getting the matter examined’.

Chandrasekhar, in his letter to Prasad in December, had asked the government to state the ‘correct position under law’ on the issue of Aadhaar being made mandatory by various government and private entities with regard to their schemes, which, he said was a violation of the apex court’s orders.

Chandrasekhar had also raised question in the Rajya Sabha in November, after which SFLC had written in detail to Chandrashekar, listing out about 120 violations between September 2015 and September 2016, based on which the MP had written a letter to Prasad, who incidentally is also the Law & Justice Minister.

REFLECTION OF THE RECURRENT LAPSES IN OBSERVING FINANCIAL DISCIPLINE IN THE ANNUAL PERFORMANCE ASSESSMENT REPORT (APAR)

FEATURES OF RURAL ICT HANDHELD DEVICE SUPPLIED TO BRANCH POST OFFICES

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IndiaPost becomes 3rd entity to receive licence to start payment bank operations

NEW DELHI: IndiaPost has become the third entity to receive a final license last week from the Central Bank to start its payment bank operations. Country’s largest telcom service provider Bharti Airtel and digital payments firm Paytm are the other two to have received the license while only Airtel has started operations so far. 

The government has also appointed AP Singh has interim MD and CEO of the India Post Payment Bank. A 1986 Indian Postal Service Officer he was earlier Joint Secretary in the department of disinvestment, ministry of Finance and Deputy Director General incharge of financial inclusion and payments systems at Unique Identification Authority of India (UIDAI). Singh was one part of the founding team that launched Aadhaar and was stationed at the department of Post prior to UIDAI. 

GDS online software - Implementation - reg

650 districts in country to have post office PSKs

Mysuru: January 26, 2017

The Ministry of External Affairs (MEA) has drawn up ambitious plans of opening post office Passport Seva Kendras (PSKs) in 650 districts across the country soon.

Disclosing this during the inauguration of a post office PSK here on Wednesday, MEA Secretary D.M. Mulay said the MEA was planning to collaborate with the Department of Posts by opening PSKs at district level across the country to meet the growing demand for passports. The demand for passports in India, which is around 2 crore a year, was the third highest in the world after China and the U.S. A total of 60,000 passports are issued every day in the country, he added.

CCS (CCA) Rules, 1965 - Clarification regarding effect of warning, censure etc on promotion.

One more success journey to AIAPS- Left out issue of Induction training to Postmasters was settled!!!

Dear Postmasters,

                 You are all well aware of AIAPS is satisfactorily attained the positive results on PM cadre one time relaxation promotion issue, confirmation order issue, gradation list issue, fake note detector machine supply. 

              And in the same way AIAPS team is continuously following the cases like debarring the due promotion, and induction training to the left out Postmasters etc.,

              Now AIAPS team have stepped into one more success.

Instructions on sealed cover procedure - where Government servant has been acquitted but appeal is contemplated/pending - clarification regarding.

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