INCOME TAX DEPARTMENT

cbdt-to-start-e-campaign-on-voluntary-compliance-of-income-tax-for-2018-19-from-july-20

CBDT to start e-campaign on Voluntary Compliance of Income Tax for 2018-19 from July 20

The Income Tax Department is all set to start an e-campaign on the voluntary compliance of Income Tax for the convenience of taxpayers from July 20, 2020. The 11 days campaign ending on July 31, 2020 focuses on the assessees/taxpayers who are either non-filers or have discrepancies/deficiencies in their returns for the FY 2018-19.
The objective of the e-campaign is to facilitate taxpayers to validate online their tax/financial transaction information available with the I-T Department, especially for the assessees for FY 2018-19 and promote voluntary compliance so that they do not get into notice and scrutiny process etc.

This e-campaign is being run for the benefit of the taxpayers. Under this e-campaign, the Income Tax Department will send email/sms to identified taxpayers to verify their financial transactions related information received by the I-T Department from various sources such as Statement of Financial Transactions (SFT), Tax Deduction at Source (TDS), Tax Collection at Source (TCS), Foreign Remittances (Form 15CC) etc. The Department has also collected information related to GST, exports, imports and transactions in securities, derivatives, commodities, mutual funds, etc., under information triangulation set up and data analytics.

It is stated that data analysis has identified certain taxpayers with high-value transactions who have not filed returns for AY 2019-20 (relevant to FY 2018-19). In addition to the non-filers, another set of return filers have also been identified wherein the high-value transactions do not appear to be in line with their Income Tax Return.

Under the e-campaign, the taxpayers will be able to access details of their high-value transaction-related information on the designated portal. They will also be able to submit an online response by selecting among any of these options: (i) Information is correct, (ii) Information is not fully correct, (iii) Information related to another person/year, (iv) Information is duplicate/included in other displayed information, and (v) Information is denied. There would be no need to visit any Income Tax office, as the response has to be submitted online.

19 Jul 2020
cbdt-allows-one-time-relaxation-for-e-filed-itr-verification

CBDT allows one-time relaxation for e-filed ITR verification

The CBDT has extended one-time relaxation for verification of tax return for the Assessment Year 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20, which are pending due to non-filing of ITR-V form and processing of such returns.

A circular by the CBDT says that a large number of electronically filed ITRs still remain pending with the Income Tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned.

CBDT has permitted verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC or OTP. Such verification process must be completed by September 30.

"In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared ''Non-est'' in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act, 1961 (Act) follow," it said.

14 Jul 2020
cbdt-to-start-e-campaign-on-voluntary-compliance-of-income-tax-for-2018-19-from-july-20

CBDT to start e-campaign on Voluntary Compliance of Income Tax for 2018-19 from July 20

By IndianMandarins 19 Jul 2020

The Income Tax Department is all set to start an e-campaign on the voluntary compliance of Income Tax for the convenience of taxpayers from July 20, 2020. The 11 days campaign ending on July 31, 2020 focuses on the assessees/taxpayers who are either non-filers or have discrepancies/deficiencies in their returns for the FY 2018-19.
The objective of the e-campaign is to facilitate taxpayers to validate online their tax/financial transaction information available with the I-T Department, especially for the assessees for FY 2018-19 and promote voluntary compliance so that they do not get into notice and scrutiny process etc.

This e-campaign is being run for the benefit of the taxpayers. Under this e-campaign, the Income Tax Department will send email/sms to identified taxpayers to verify their financial transactions related information received by the I-T Department from various sources such as Statement of Financial Transactions (SFT), Tax Deduction at Source (TDS), Tax Collection at Source (TCS), Foreign Remittances (Form 15CC) etc. The Department has also collected information related to GST, exports, imports and transactions in securities, derivatives, commodities, mutual funds, etc., under information triangulation set up and data analytics.

It is stated that data analysis has identified certain taxpayers with high-value transactions who have not filed returns for AY 2019-20 (relevant to FY 2018-19). In addition to the non-filers, another set of return filers have also been identified wherein the high-value transactions do not appear to be in line with their Income Tax Return.

Under the e-campaign, the taxpayers will be able to access details of their high-value transaction-related information on the designated portal. They will also be able to submit an online response by selecting among any of these options: (i) Information is correct, (ii) Information is not fully correct, (iii) Information related to another person/year, (iv) Information is duplicate/included in other displayed information, and (v) Information is denied. There would be no need to visit any Income Tax office, as the response has to be submitted online.

cbdt-allows-one-time-relaxation-for-e-filed-itr-verification

CBDT allows one-time relaxation for e-filed ITR verification

By IndianMandarins 14 Jul 2020

The CBDT has extended one-time relaxation for verification of tax return for the Assessment Year 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20, which are pending due to non-filing of ITR-V form and processing of such returns.

A circular by the CBDT says that a large number of electronically filed ITRs still remain pending with the Income Tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned.

CBDT has permitted verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC or OTP. Such verification process must be completed by September 30.

"In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared ''Non-est'' in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act, 1961 (Act) follow," it said.

irs-officers-in-the-eye-of-the-storm-report-suggestive-in-nature-govt-feels-going-public-violates-service-rules-

IRS officers in the eye of the storm: Report suggestive in nature, govt feels going public violates service rules?

By Rakesh Ranjan 28 Apr 2020

The three senior IRS officers- Prashant Bhushan (IRS:1988), Prakash Dubey (IRS:1989), and Sanjay Bahadur (IRS:1989) have been charge-sheeted by the government for playing a key role in preparing a report on raising income tax and placing the report in the public domain. The three enthusiast officers have also been stripped of their charges.

They have been charge-sheeted for service conduct rule violations. However, people from the service say that the report prepared by these enthusiast officials is “suggestive in nature” and “does not adversely criticize the policy” of the government. Moreover, it was a collective view of the IRS association.

It may be underlined that there have been many instances when All India Services officers have been expressing their views suggesting the government by means of social media and writeups in newspapers.

Recently over six hundred IAS officers from particular baches and up to certain ranks were asked to provide suggestions to deal with COVID-19 pandemic. They provided suggestions to the government based on their hands-on experience which reportedly proved to be quite useful.

In fact service rules say that a public servant should not come up with any matter, issue or idea in public through media or by any means which adversely criticizes or influences government policy. It should also not be motivated as well.

Reportedly, the officers utilized the time of lockdown to prepare a report that is suggestive in nature. It is by no means criticism or influences any policy. What appears to have gone against them is sharing it via twitter and email adding to the discomfort and displeasure of an elected government that has already been handling an increasingly complex and unforeseen COVID-19 crisis.  

If some top sources are to be believed the only issue that goes against these officers is that the government must have been considering additional taxes but the reaction of the general public to the policy paper was so adverse that now the government can not even think about raising taxes. Further, instead of making it public had they put up the report to the government through the proper administrative channels none could have objected to the efforts of these enthusiast officers.

Government officers are often criticized for lack of creativity but if they come up with any such idea, they are penalized which discourages their creative intent. 

ALSO READ: Direct tax collection unrealistic without revision: Who is to be blamed?

It is alleged that these three officers had failed to exercise due care despite having more than 30 years of service and misguided 50 young officers to prepare the report and circulate it.

Bhushan and Dubey are General Secretary of the IRS Association respectively whereas Bahadur has been charged with getting young income tax officers to prepare the report. Dubey was a director in the department of personnel and training while Bahadur was the income tax department’s Principal Director Investigation, North East Region.

(By Rakesh Ranjan)


cbdt:-gill-gets-additional-charge-of-dg,-investigation,-delhi

CBDT: Gill gets additional charge of DG, Investigation, Delhi

By IndianMandarins 28 Feb 2020

CBDT under the Department of Revenue on February 28 assigned the additional charge of coveted posts to several senior IRS officers. Accordingly;

  1. H B S Gill (CCIT, Delhi) was given additional charge of Director General Investigation, Delhi. The post fell vacant on the retirement of Harish Kumar.
  2. Ajay Kumar Chauhan (Principal CCIT, Bhopal) was given additional charge of CCIT, Indore vice D P Haokip.
  3. Arvind Kumar (CCIT- I, Chennai) was given additional charge of CCIT-III, Chennai vice Mrs Uma Singh
  4. Kuldeep Moorti Bali (CCIT- TDS, Kolkata) was given additional charge of CCIT-V, Kolkata vice Lav Chandra Joshi Ranee.

alarming-trend-in-direct-tax-collection:-hitting-the-target-vs-missing-the-bus

Alarming trend in Direct Tax collection: Hitting the target Vs Missing the bus

By IndianMandarins 10 Jan 2020

While re-calibrating and fixing direct taxes collection target for FY 2019-2020 at Rs 13.35 lakh crore, CBDT chief P C Mody had said last year that it was difficult but achievable. But even after the completion of three quarters of FY 2019-2020 the collection figures of Direct Taxes is nowhere close to it.

Indianmandarins has reliably learnt that on completion of third quarter (ending 31.12.2019) the all India collection of Direct Taxes is far less (- 6%) than the collection as compared to the corresponding period last year. The deficit is primarily attributed to the weak performance of metro cities. The down trend may be shown as follows:

Mumbai: (-5%)
Delhi: (-10%)
Bangalore: (-7%)
Chennai: (-2%)
Jaipur: (-20%)

It is to be seen whether CBDT would be able to hit the target of Rs 13.78 lakh cr or even maintain the previous year’s figure. The collection figures are clear indicator that relatively smaller cities have to play critical role in the wake of weak contributions by metro cities and country's commercial capitals.  


FACTS AND FACETS:

  1. FY 2019-2020: In view of historical growth rate in collections in the past three years FinMin had initially set the at Rs 13.78 lakh crore for FY 2019-20. After Budget deliberations it was re-calibrated and fixed at Rs 13.35 lakh crore.
  2. FY 2018-2019: I-T department had collected Rs 11.37 crore during FY 2018-19 against its initial target of Rs 13.80 lakh crore, a shortfall of around Rs 83,000 crore or 7.4 percent of the Rs 12 lakh crore collection target. The collection was, however, 18.3 percent higher than FY 2017-2018.
  3. The revenue collection targets are set by the Union Finance Ministry in consultation with CBDT which frames policy for the IT Department.
  4. The direct tax collection bucket comprises personal income tax, securities transaction tax and corporate tax.
  5. In 2019 FinMin Nirmala Sitharaman’s move of bringing almost all the companies in the lower tax net was widely appreciated by the business world.

govt-moots-cut-in-personal-it-rate-after-examining-its-impact

Govt moots cut in personal IT rate after examining its impact

By IndianMandarins 26 Dec 2019

With the annual budget round the corner, a flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax are some of the possible proposals that are being examined. Actually the government is eying ways of boosting consumption and reviving growth.

Union finance ministry will present arguments for and against these suggestions before a decision is taken at the highest level. The budget will be presented in February. Every option is being examined in this regard. Any such move needs to be examined in the context of gains it can bring to the overall economy vis-a-vis the cost it entails.

Alternative to income tax cuts is putting more money in the hands of the people directly through schemes like PM-KISAN or enhancing the spending on infrastructure. Any possible change in the structure will only benefit the 3 crore individuals who pay income tax but the cost to the exchequer needs to be balanced with benefits by way of a consumption boost.

On the other hand infrastructure sector spending has a multiplier effect. The government has already given away Rs 1.45 lakh crore through corporate tax cuts, but that’s seen as part of broader direct tax reform aimed at attracting investments. But it sparked calls for cuts in personal income tax, since there were no reliefs in this regard in the last budget.

fm-takes-on-board-suggestion-on-reducing-it-rate-cut

FM takes on board suggestion on reducing IT rate cut

By IndianMandarins 03 Dec 2019

There was a long pending demand for reducing cut in personal income tax, Finance minister Nirmala Sitharaman had taken on board the suggestion from lawmakers to reduce personal income tax rates and it would be considered for its merit, rather than to bring parity with the government’s decision to slash corporate income tax rates.
It is very different to compare developed countries and developing countries and emerging economies and then say they have income tax reduction and therefore you should give, Sitharaman said, adding that the government has periodically given relief to individual taxpayers and several exemptions have been offered.
A government panel on direct tax has suggested relief for tax payers and the finance minister had earlier said the government was examining the report. Experts have demanded a cut in personal income tax rates to boost demand and consumption, but the government has little headroom to slash rates, given concern over the fiscal deficit which the Centre has said will be kept at the targeted level of 3.3% of GDP.

1989-&-1990-batch-irs-officers-empanelled-as-principal-cit

1989 & 1990 batch IRS officers empanelled as Principal CIT

By IndianMandarins 12 Nov 2019

The NaMo administration on Monday cleared the empanelment of 1989 and 1990 batch Indian Revenue Service (Income Tax) officers  for promotion to the grade of Principal Commissioner of Income Tax for the panel years 2016-17 (Revised Panel), 2017-18 (Regular Panel). The list covers 1989 and 1990 batch partially i.e. second half of 1989 batch and first half of 1990 batch:

Revised Panel for the year 2016-17:

  1. Shyama S Bansia
  2. K P C Rao
  3. Devinder Singh Chaudhary
  4. Rameshwar Singh
  5. Sanjay Kumar
  6. Ashok Kumar Pandey
  7. Jayanthi Krishnan
  8. Mridula Bajpai
  9. Ravinder Sai
  10. Debendra Narayan Kar
  11. Keshave Saxena
  12. Rajeev Varshney
  13. Manoranjan Panigrahy
  14. Hareshwar Sharma
  15. Gurijala R Reddy
  16. Avdhesh Kumar Mishra
  17. Rajiv Ranjan Singh
  18. Bijayananda Pruseth
  19. Rajeev Mehrotra
  20. Stephen George
  21. Simanchala Dash
  22. Alok Johri
  23. Mahendra Kumar
  24. Seema Raj
  25. Shelly Jindal
  26. B Senthil Kumar
  27. Kaushal Kr. Srivastava
  28. Hemant Jawahar Lal
  29. Yogendra Kumar Singh
  30. Govind Lal
  31. Simmi Gupta
  32. K Ganesan
  33. Subrata Sarkar
  34. Feteh Singh Sirowa
  35. Kancherela Hari Prasad Rao
  36. Arjun Govind Bhatkar
  37. Subhendra Patra
  38. Om Prakash Yadav
  39. Dukhi Shyan Benupani
  40. Parminder Singh
  41. Ravi Sarangal
  42. Niranjan Kauli
  43. Sugar Lal Meena
  44. Om Prakash Meena
  45. Jai Raj Kajla
  46. M Krishnasamy
  47. Om Prakash Meena
  48. Veer Birsa Ekka
  49. Banwari Lal Meena
  50. Shanker Lal Meena
  51. Ramesh Chand
  52. Ramavatu Bala Naik
  53. Harmeet Singh
  54. Sanjay Misra
  55. Jayant Misra
  56. Ramita Arora
  57. M Jagdish Babu
  58. Naresh Kumar Balodia
  59. Raj Tandon
  60. Jahanzeb Akhter
  61. Suniti Srivastava
  62. Prabodh Seth
  63. Preeti Garg
  64. R Govindrajan
  65. Ratna Roy
  66. Amar Veer Singh
  67. Vivek Mishra
  68. Darshan Singh
  69. G Srinivas Rao
  70. Rajiv Sinha
  71. S Radhakrishna
  72. Pankaj Kumar Mishra
  73. Prawin Kumar
  74. Ajit B. Korde
  75. Sanjay Awasthi
  76. Shishir Agarwal
  77. Ramesh Narain Parbat
  78. Yogender Choudhry
  79. Naveen Chandra
  80. Dinesh Kr. Chhablani
  81. Suchismita Palai
  82. Rekha Shukla
  83. P.N. Devadasan
  84. T.M. Shivakumar
  85. G.R. Bhat
  86. Sanjay Bahadur
  87. K. Venkat Narsimha
  88. Rahul Karna
  89. Amrendra Kumar

Extended Panel to be operated in the event of officers included in the main panel are not becoming available for promotion on account of retirement/being away on deputation during the vacancy year 2016-17:

  1. Jujjavarreou Sirikumar
  2. Banwari Lal

Panel for the year 2017-18:

  1. Krishna Murari
  2. Nav Ratan Soni
  3. Vikram Gaur
  4. Sabihur Rahman
  5. Ramesh Kumar Choubey
  6. Sangeeta Madhukar Godbole
  7. Rajesh Kumar Sinha
  8. Bhupendra Kumar Singh
  9. Ajit Kumar Varma
  10. Brajesh Kumar Singh
  11. M Rathinasamy
  12. Harshvardhini Buty
  13. Sandeep Chauhan
  14. Satish Sharma
  15. Sanjeev Kumar Sharma
  16. Anil Kumar Misra
  17. Harshvardhan V Gujjar
  18. Rakesh kumar Goyal
  19. Abhay Damle
  20. Anil Kumar
  21. Charanjeet Singh Gulati
  22. Sudhansu Sekhar Parida
  23. Parmita Tripathi
  24. Sandeep Jain
  25. Benny John
  26. Sumeet Kumar
  27. Sudha Kumari
  28. Jyoti Kumari
  29. Niraj Kumar
  30. Ashok Kumar Khandelwal
  31. Tarun Kumar
  32. Zakir T Thomas
  33. L Rajasekhar Reddy
  34. Jagdeep Kumar Goel
  35. Uppalapatti Anjanejula
  36. Anup Kumar Dubey
  37. Malathi Sridharan
  38. Vijay Kumar Gupta
  39. Anadi Varma
  40. Rashmi Ranjan Das
  41. Upamanyu Basu
  42. Manoj Kumar Gupta
  43. Jaya Kumar Balivada
  44. Rajesh Ranjan Prasad S. Jayaraman
  45. Kartar Singh
  46. Salagala Narasamma
  47. Samar Bhadra

Extended Panel to be operated in the event of officers included in the main panel are not becoming available for promotion on account of retirement/being away on deputation during the vacancy year 2017-18:

  1. Killi Krishna Murty
  2. Adhir Kumar Bar
  3. Santanu Kumar Saikia
  4. G Lakshmi Vara Prasad
  5. G Aparna Rao
  6. Panel for the year 2018:
  7. Darse Samuel
  8. Ravindra Singh Rawal
  9. Sandeep Kumar
  10. Balwan Chauhan
  11. Oboy Athiko Mao
  12. P K Srihari
  13. Ram Lal Meena
  14. Lallu Ram Meena
  15. Dhirendra Kumar Mishra
  16. Narender Kumar Chand
  17. Ankur Garg
  18. Sayed Nasir Ali
  19. M Anil Kumar
  20. Arneja Ravjit Singh
  21. Mona Singh
  22. Lakshman Kumar Agarwal
  23. Rupinder Barar
  24. Shikha Darbari
  25. Monica Bhatia
  26. Prafulla Kumar Prusty
  27. Sasmita Misra
  28. Aparna Mohania
  29. Kumar Sanjay
  30. Surbhi Varma Garg
  31. Madnesh Kumar Mishra
  32. Suman Sharma
  33. Enjeti Sri Nagendra Prasad
  34. Sanjay Kumar Sah
  35. Chandana Ramchandran
  36. J Krishna Kishore
  37. Amal Pusp
  38. Ajay Goyal
  39. Amitav
  40. Prasenjit Singh
  41. Shrikant Kumar Ambastha
  42. Vijay Verma
  43. S Balasubramanian
  44. Vimalendu Verma
  45. Kavita Pandey
  46. Amit Mohan Govil
  47. Jayant Kumar
  48. Peeyush Jain
  49. Adarsh Kumar Modi
  50. Rajeshwar Yadav

Further, As proposed by the Department of Revenue, the ACC approved the non-empanelment of 08 officers against the panel years mentioned against their names:

  1. Sharad V Jadhav              2016-17
  2. Mortha Srinivasa Rao     2016-17, 2017-18, 2018
  3. Santosh Kumar                2017-18, 2018
  4. Homi Rajvansh                2018
  5. S K Srivastava                 2018
  6. Ajoy Kumar Singh          2018  
  7. Swetabh Suman              2018
  8. Nitya Nand Thakur         2018

Keeping Recommendations of the DPC in “sealed covers” in respect of the officers in “sealed covers” against the panel year(s) mentioned against their names:

  1. K. Hari Prasad(Retd.)              2016-17
  2. K. Mytheli Rani (Retd.)           2016-17
  3. P.S. China (Retd.)                    2016-17
  4. Artabandhu Patra (Retd.)         2016-17
  5. S. Sankaralingam (Retd.)         2016-17, 2017-18
  6. Nai Pal Singh (Retd.)               2016-17
  7. Uppuleti Devi Prasad (Retd.)  2016-17, 2017-18, 2018
  8. Homi Rajvansh (2016-17, 2017-18)
  9. Bolagani Venkata Gopinath (2016-17)
  10. Kunal Singh (2016-17, 2017-18 , 2018)
  11. Gunjan Prasad (2016-17)
  12. S.K. Srivastava (2016-17, 2017-18)
  13. Milind Madhukar Bhusari (2016-17, 2017-18 , 2018)
  14. Ajoy Kumar Singh (2016-17, 2017-18)
  15. Ram Phool Singh (2016-17, 2017-18 , 2018)
  16. Swetabh Suman (2016-17, 2017-18)
  17. Santosh Kumar (2016-17, 2017-18)                                    
  18. Manoj Joshi (2016-17, 2017-18, 2018)
  19. Varinder Mehta (2016-17, 2017-18, 2018)
  20. Manoj Kumar Gautam (2017-18, 2018)
  21. Ravi Jain (2017-18, 2018)
  22. S. Ramakrishnan (2017-18, 2018)
  23. Alka Rajvanshi Jain (2017-18, 2018)
  24. Arun Kr. Tiwari (2017-18, 2018)
  25. Mohd. Usman (2018)
  26. Pramod Kr. Bajaj (2018)
  27. Krishna Mohan Dixit (2018)

The notification further states that the promotion of 14 junior-most officers would be on “ad-hoc” basis till the “sealed cover” cases would be finalized or subsequent regular vacancies in the grade arise, whichever is earlier.

Cases of Purushottam Tripuri, S Bharath and Subhash Chandra were deferred.

The ACC has also directed the Department of Revenue to examine the cases of Nitya Nand Thakur and K M Dixit for revision to the grade of CIT. The ACC also directed the Department to submit an appropriate proposal for the approval of the ACC within one month.                        

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