Wednesday, 11 February 2015

Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income

Chargeability of Interest under Section 234A of the Income-tax Act, 1961 on self-assessment tax paid before the due date of filing of return of income- regarding
Circular 2/2015

F. No. 385/ 03 /2015-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes (CBDT)
North Block, New Delhi
10th February, 2015

Subject: Chargeability of Interest under Section 234A of the Income-tax Act, 1961 on self-assessment tax paid before the due date of filing of return of income- regarding

Interest under Section 234A of the Income-tax Act, l961 (hereinafler the Act) is charged in case of default in furnishing return of income by an assessee. The interest is charged at the specified rate on the amount of tax payable on the total income, as reduced by the amount of advance tax, TDS/TCS, any relief of tax allowed under section 90 and section 9oA, any deduction allowed under section 91 and any tax credit allowed in accordance with the provisions of section 115JAA and section 115JD of the Act. Since self-assessment tax is not mentioned as, a component of tax to be reduced from the amount on which interest under section
234A of the Act is chargeable, interest is being charged on the amount of self-assessment tax paid by the assessee even before the due date of filing of return.

2. It has been held by the Hon’ble Supreme Court in the case of CIT vs Prannoy Roy, 309 ITR 231 (2009) that the interest under section 234A of the Act on default in furnishing return of income shall be payable only on the amount of tax that has not been deposited before the due date of filing of the income-tax return for the relevant assessment year. Accordingly, the present practice of charging interest under section 234A of the Act on self-assessment tax paid before the due date of filing return was reviewed by CBDT.

3. The Board has decided that no interest under section 234A of the Act is chargeable on the amount of self-assessment tax paid by the assessee before the due date of filing of return of income.

4. This Circular may be brought to the notice of all officers for compliance.

5. Hindi version shall follow.
(Sandeep Singh)
Under Secretary to Government of India

Source: http://irsofficersonline.gov.in/Documents/OfficalCommunique/1210201555813.pdf

To start in House Weekly Training in all Ministries or Departments

To start in-house Weekly Training in all Miniseries/Departments

F.No.T -17/1/2014-CTP(CSS)
Government of tndia
Ministry of Personnel, PG & Pensions
Department of Personnel & Training
(Training Division)
New Delhi, the 10th February 2015
OFFICE MEMORANDUM

Subject: To start in-house Weekly Training in all Miniseries/Departments

The undersigned is directed to refer to this Department’s OM of even number dated 17th October 2014 (copy enclosed) wherein all Ministries/Departments were requested to start hourly in-house weekly training for their employees immediately.
However information in this regard is awaited.

2. All Ministries/Departments are again requested to start hourly in-house weekly training and to inform the action taken to this Department for apprising the PMO.
(Sanjeev Kumar Jindal)
Director (Trg.)
Tel No: 26107960
email: sanjeev.jindal@nic.in
To
The Secretaries of all Ministries/Departments
CC for info. to PSO to Secretary, DOPT.

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02trn/onehourtraining11022015.pdf

Filling up the post of the Registrar of Copyright, Copyright Office under the Ministry of Human Resource Development.

Filling up the post of the Registrar of Copyright, Copyright Office under the Ministry of Human Resource Development.

 No 4/1/2014-EO(MM-II)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
North Block, New Delhi
Dated 09.02.2015
To
1 The Chief Secretaries
All State Governments
2 All Secretaries
Ministries/Departments of Government of India

Subject: Filling up the post of the Registrar of Copyright, Copyright Office under the Ministry of Human Resource Development.

Sir/Madam,
It is proposed to fill up the post of Registrar of Copyrights, Copyright office, under the Ministry of Human Resource Development on deputation basis The post is a non-CSS post to be filled through Civil Services Board procedure.

2 The Registrar of Copyrights is the head of the Copyright Office and all copyright registrations are issued under his superintendence and direction. He exercises the powers of a Civil Court for disposing copyright applications and act as competent authority to allow changes as per law. He gives effect to the orders of Copyright Board and register/monitor functioning of Copyright societies. He will have to coordinate with various Ministries/Departments, liaison with various higher education institutions and all the stakeholders from various fields and strata of the society. He is also required to participate in negotiations for drafting the legal text for various proposed treaties related to copyright matters in WIPO.

3 The Officers of the rank of Deputy Secretary/Director of the Government of India or equivalent level, eligible for appointment under the Central Staffing Scheme are eligible for the post. The period of deputation is 4/5 years for Dy. Secretary/Director respectively.

4 The post may be circulated amongst officers eligible to be appointed at Deputy Secretary/Director or equivalent level in the Government of India on priority basis. Names of willing and eligible officers who can be spared by the State  Governments/Ministries/Departments may be forwarded to the Department along with cadre clearance, vigilance clearance, detailed bio-data in the enclosed Perfonna and CR Dossier. For officers working in the cadre, it may also be ensured that the ‘Cooling off, after a previous stint on deputation, if any, is completed and the officer is eligible to be appointment on Central Deputation as per instructions.

5 It is requested that the application(s) of the eligible candidate(s) may please be forwarded so as to reach this Department not later than 09.03.2015.
Yours faithfully
(Jagannath Srinivasan)
Deputy Secretary(MM)
Tel 23092842

Sports Ministry Revises Rashtriya Khel Protsahan Puruskar Scheme

Sports Ministry Revises Rashtriya Khel Protsahan Puruskar Scheme

Ministry of Youth Affairs and Sports
11-February, 2015

The Ministry of Youth Affairs & Sports has revised the Scheme of Rashtriya Khel Protsahan Puruskar, which was introduced in 2009 to encourage and promote involvement of corporates, sports promotion boards etc., in the promotion and development of sports in the country. In the revised scheme, Rashtriya Khel Protsahan Puruskar will be given in following four categories:
(i) Identification and nurturing of budding/young talent
(ii) Encouragement of sports through Corporate Social Responsibility (CSR)
(iii) Employment of sportspersons and sports welfare measures
(iv) Sports for Development.
In the revised Scheme, eligibility criteria for all four categories have been prescribed. As ‘Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports’ have been included in the Schedule VII of the Companies Act 2013 and the companies can now spend on promotion and development of sports from the funds earmarked for Corporate Social Responsibility (CSR), a specific category for ‘Encouragement of sports through Corporate Social Responsibility’ has been provided for in the revised Scheme.

As non-governmental organizations are also doing a lot of work in promotion and development of sports, a separate category ‘Sports for Development’ has been provided for exclusively for NGOs to recognize their contributions.
***
– PIB

43% salary increase for all categories of employees in Andhra Pradesh

Naidu matches KCR, hikes staff salary by 43%

Under pressure from his Telangana counterpart to match the salary hike for government staff, Andhra Pradesh chief minister N Chandrababu Naidu on Monday announced a 43% salary increase for all categories of employees. The Pay Revision Commission (PRC) had recommended a hike of 29%, but both AP and Telangana chose to peg the increase at 43%.

The hike will come into retrospective effect from June 2, 2014. The arrears will be credited in the general provident fund account of the staff and the revised salary paid from February onwards. More than six lakh employees and pensioners stand to benefit from the salary hike. “Though the state is going through a financial crisis, we have taken this decision keeping in mind the welfare of the employees. Now, I expect them to deliver the results in the form of better governance and better revenue collections,” Chandrababu Naidu told the media while announcing the salary hike.

The hike would cost the exchequer close to Rs 7,000 crore annually. At present, excluding the hike, the state generates annual revenue of Rs 47,000 crore but has a burden of Rs 53,000 crore in the form of salaries, pensions and interests on loans.

With this increase, the salaries of AP government employees have more than doubled in the last five years. The 63 per cent hike in dearness allowance effected during the last few months and the current 43 per cent hike will result in a 106 per cent hike in the salaries of all employees working in the state government. It would be near impossible for central government employees to get their salaries doubled even in 10 years whereas the AP and Telangana employees have achieved this rare feat in just five years.

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