INCOME TAX DEPARTMENT

road-to-success-goes-through

Road to success goes through....?

Some recent developments have made several senior IRS (IT) officers apprehensive about their career prospects. The way Akhilesh Ranjan (member, CBDT) opted for VRS following re-appointment of P C Mody as CBDT Chairman, confidence of several senior most IRS officers seems to have shaken up. But officers belonging to junior batches take it sportingly. Out of humor, junior IRS officers are often heard saying ‘if you have ever served in Gujarat region you have chances but if you didn’t you should not lose hope’.

09 Sep 2019
cos-cleared-two-names-for-cbdt-member-post

CoS cleared two names for CBDT Member post

Indianmandarins has reliably learnt that the meeting of Committee of Secretaries (CoS) was held last week to select names for two posts of Member, CBDT.

 

Reportedly, three names were in consideration zone of which two were selected namely; Prabhash  Shankar (IRS IT:1983) and Ms Seema Khorana Patra (IRS IT:1983).

 

If some well placed sources are to be believed Akhauri Abhay Shankar (IRS IT:1983) too was in race but he missed the opportunity for a set of reasons known to the insiders.

 

Reportedly, the ACC may clear the appointments soon to meet Board’s strength. The third post of Member fell vacant yesterday with the retirement of Aditya Vikram (IRS IT:1981), Member- Income Tax & Computerisation. 

01 Jul 2019
road-to-success-goes-through

Road to success goes through....?

By IndianMandarins 09 Sep 2019

Some recent developments have made several senior IRS (IT) officers apprehensive about their career prospects. The way Akhilesh Ranjan (member, CBDT) opted for VRS following re-appointment of P C Mody as CBDT Chairman, confidence of several senior most IRS officers seems to have shaken up. But officers belonging to junior batches take it sportingly. Out of humor, junior IRS officers are often heard saying ‘if you have ever served in Gujarat region you have chances but if you didn’t you should not lose hope’.

cos-cleared-two-names-for-cbdt-member-post

CoS cleared two names for CBDT Member post

By IndianMandarins 01 Jul 2019

Indianmandarins has reliably learnt that the meeting of Committee of Secretaries (CoS) was held last week to select names for two posts of Member, CBDT.

 

Reportedly, three names were in consideration zone of which two were selected namely; Prabhash  Shankar (IRS IT:1983) and Ms Seema Khorana Patra (IRS IT:1983).

 

If some well placed sources are to be believed Akhauri Abhay Shankar (IRS IT:1983) too was in race but he missed the opportunity for a set of reasons known to the insiders.

 

Reportedly, the ACC may clear the appointments soon to meet Board’s strength. The third post of Member fell vacant yesterday with the retirement of Aditya Vikram (IRS IT:1981), Member- Income Tax & Computerisation. 

28-irs-officers-given-fresh-postings-as-chief-commissioner-income-tax

28 IRS officers given fresh postings as Chief Commissioner Income Tax

By IndianMandarins 22 May 2019

Amid ongoing LS polls the NaMo administration, with consent of ECI, on Monday cleared the posting of 28 IRS (IT) officers as Chief Commissioner (Income Tax) at various places. They were empanelled to hold CCIT post in December 2018. They are as follows:


  • Manik Lal Karmakar- CCIT (TDS) Mumbai
  • D P Haokip- CCIT, Indore
  • Preetam Singh- CCIT (06), Mumbai
  • Sandeep Kapoor- CCIT, Udaipur
  • Ravindra Kumar- CCIT, Thiruvananthapuram
  • Anand Kumar Agarwal- CCIT, Bareilly
  • Ajit Kumar Sinha- CCIT (TDS), Bengaluru
  • Chhavi Anupam- CCIT (02), Ahmedabad
  • Patanjali- Director General IT (Investigation), Bengaluru
  • Smita Jhingran- DGIT (I&CI), Delhi
  • Durga Charan Dash- CCIT, Coimbatore
  • Rakesh Kumar Paliwal- DGIT (Investigation), Hyderabad
  • Satyakam Mishra- CCIT (05), Delhi
  • Mahendra Singh- DGIT (Investigation), Jaipur
  • Nitin Gupta- DGIT (Investigation), Mumbai
  • D C Patwari- DGIT (Investigation), Chennai
  • Saroj Deswal- CCIT, Panchkula
  • Ronmoy Das- DGIT (Investigation), Kolkata
  • K Sridhar- CCIT, Vijaywada
  • Atul Pranay- CCIT, Hyderabad
  • Kaushalendra Kumar Singh- CCIT (03), Kolkata
  • Devashish Roy Choudhary- CCIT (TDS), Ahmedabad
  • Md Wasimul Haque- CCIT (04), Kolkata
  • Rajiv Vijay Nabar- CCIT, Madurai
  • Sangeeta Singh- CCIT, Surat
  • B G Reddy- CCIT, Vijaywada
  • Arvind Kumar- CCIT (03), Chennai
  • Suresh Singh Panwar- CCIT (Intl Transaction) South Zone, Bengaluru

empanelment-of-1996-1999-batch-of-irs-it:-who-will-fix-the-problem?

Empanelment of 1996-1999 batch of IRS IT: Who will fix the problem?

By IndianMandarins 12 Apr 2019

It has been the longest one year for four batches of IRS Income Tax. Officers of 1996, 1997, 1998 and 1999 batches have been waiting in vain for their turn for empanelment as Commissioners. But for some unknown and mysterious reasons, things are not moving at all. This has had a cascading effect on other batches causing disappointment among IRS IT officers.


Indianmandarins has reliably learned that months back, the CBDT had sent the proposal for empanelment of these batches but the UPSC has not been able to conduct the DPC as the matter pertaining to 1999 batch officers Ms. Sumana Sen and Ms. Ashima Neb are subjudiced before the court. There has been murmuring as well that these two officers are being victimised whereas as  a faction terms it vice-versa as well.  


Sources say that the issue may be resolved by way of a minor modification in the earlier proposal. For this, the proposal for empanelment of the 1999 batch may be separated from that of 1996, 1997 and 1998 batches but this calls for a proactive approach at the Board-level (CBDT). Reportedly, 1999 batch officers do not like the idea. They know that in case the batch is left over it may take too long to get a solution. Indeed, the four batches consider themselves a victim of the personal-cum-professional rivalry of few officers. Some seniors at the top believe that the discontentment and rivalry should have been stopped for the sake of the cadre as it may create a cascading effect on other batches below 1999.


Reportedly, the Board has been waiting for the deadlock to end in due course and then the UPSC conducting the DPC.

cpc-2.0-project-gets-funds

CPC 2.0 project gets funds

By IndianMandarins 17 Jan 2019

The Union Cabinet has approved an expenditure of Rs.4,241.97crore for the Integrated E-filing & Centralized Processing Center 2.0 Project of the Income Tax Department. It has also approved the expenditure of Rs.1,482.44 crore of the existing CPC-ITR 1.0 project up to FY 2018-19.

 

Broad objectives of the projects are faster and accurate outcomes for the taxpayer; the first-time-right approach; enhancing the user experience at all stages; improving taxpayer awareness and education through continuous engagement.; promoting voluntary tax compliance; and managing outstanding demand.

 

The projects will ensure hassle-free processing returns filed by all categories of taxpayers across the country in a consistent, uniform, rule-driven, identity blind manner. This will assure fairness in tax treatment to every taxpayer irrespective of their status.

 

By faster processing of returns and issue of refunds to the taxpayer's bank account directly without any interface with the Department, by adhering to international best practices and standards (ISO certification) and by providing processing status updates and speedy communication using mobile app, email, SMS and on the Department website, the decision will ensure transparency and accountability.

 

The proposal ensures the continuation of the Department's goal towards business transformation through technology. The E-filing and CPC projects have enabled end to end automation of all processes within the Department using various innovative methods to provide taxpayer services and to promote voluntary compliance.

direct-taxes'-collection-up-14.1%

Direct taxes' collection up 14.1%

By IndianMandarins 08 Jan 2019

Gross collections of direct taxes have jumped 14.1 percent till December 2018 over last year to Rs. 8.74 lakh crore. 

 

Refunds amounting to Rs.1.30 lakh crore were issued during April 2018 to December 2018, which is 17.0% higher than refunds issued during the same period in the preceding year. Net collections (after adjusting for refunds) have increased by 13.6% to Rs. 7.43 lakh crore during April - December 2018. The net Direct Tax collections represent 64.7% of the total Budget Estimates of Direct Taxes for F.Y. 2018-19 (Rs. 11.50 lakh crore).

 

So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) is concerned, gross collections for CIT is 14.8% while that for PIT (including STT) is 17.2%. After adjustment of refunds, the net growth in CIT collections is 16.0% and that in PIT collections is 14.8%.

 

It may be mentioned that collections in the corresponding period of FY 2017-18 also included extraordinary collections under the Income Declaration Scheme (IDS), 2016 amounting to Rs.10,844 crore (Third and last installment of IDS), which do not form part of the current year’s collections.

 

An amount of Rs. 3.64 lakh crore has been collected as Advance Tax, which is 14.5% higher than the Advance Tax collections during the corresponding period of last year. The growth rate of Corporate Advance Tax is 12.5% and that of PIT Advance Tax is 23.8%.

massive-it-raids-on-mining-companies

Massive IT raids on mining companies

By IndianMandarins 26 Oct 2018

The Income Tax Department (ITD) on Thursday launched multiple raids at over 100 locations in Tamil Nadu and Andhra Pradesh as part of a tax evasion probe against mining and mineral export companies, officials said. Over 130 ITD officials are conducting the operation with assistance from security and police personnel, they said.

 

The searches are being conducted at the premises of at least four such business groups in Chennai, Coimbatore, Tirunelveli, Tuticorin and Karaikal in Tamil Nadu and Vishakhapatnam and Srikakulam in Andhra Pradesh, they said.

 

One of the firms identified by ITD officials is V V Minerals of Tamil Nadu.

 

They said the companies that are being searched are involved in mining, processing and export of beach sand minerals in an alleged illegal manner that led the taxman to probe tax evasion charges against them.

 

The alleged illegal profits earned through this, they said, was subsequently ploughed for investments into other businesses of these groups like spinning mills, sugar mills, hotels, engineering colleges and some blue metal businesses.

sc-to-it-dept:-apex-court-in-not-a-‘picnic-place’

SC to IT Dept: Apex Court in not a ‘Picnic place’

By IndianMandarins 04 Sep 2018

As per media reports the Supreme Court slammed the Income Tax Department for making "misleading statement". CLICK TO RELATED STORY.

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