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  • Thursday 26 April 2018

    Importance of receiving ITR-V acknowledgement

    Most of us file our income-tax (I-T) returns ‘online’ before the July 31 deadline. Electronic filing (e-filing) is convenient and you can even pay your taxes online. However, filing your returns online does not mean that the process of filing return is complete. If you have added your ‘digital signature’ while e-filing, then your return filing process is complete. You will receive the acknowledgement by I-T department through email.
    But if you have filed your return online ‘without adding digital signature’, then the process of e-filing is not complete. Your e-filing will only be complete after the central processing centre (CPC) of the I-T department sends an email or SMS acknowledging the receipt of the Form ITR-V.
    What does ITR-V mean?
    ITR-V stands for ‘Income Tax Return–Verification’ Form. It is a one page document. ITR-V is received when you file your I-T return online—without using a digital signature. It is sent by the I-T Department.  The I-T Department needs to verify the authenticity of your e-filing which does not have a digital signature. On receipt of Form ITR-V, you have to sign the copy of the Form in ‘blue ink’ and submit it to the I-T Department CPC, Bangalore to complete the filing process.
    ITR-V significance
    To complete the e-filing process (without digital signature), you need to follow the below mentioned steps.
    ITR-V should be printed in dark blank ink and clear to read. ITR-V should have original signature in blue ink. Your signature should not be on bar code of the Form. Bar code and numbers below the bar code should be clearly seen. Do not use stapler on the Form ITR-V. Do not fold this signed ITR-V. Enclose the same in an A-4 size white envelope. Send the envelope to the CPC through speed post or ordinary post within 120 days from the date of filing. You cannot courier the ITR-V.
    You do not need to send any supporting documents along with the ITR-V. Just the one page signed ITR-V. The envelope should be send to Income Tax Department CPC Post Box No.1, Electronic City Post Office, Bangalore-560100, Karnataka.
    Upon receipt of ITR-V, CPC Bangalore dispatches an email acknowledgement on receipt of ITR-V. It should reach within 4-5 days after sending ITR-V to Bangalore.
    The e-mail from CPC is sent to the email ID mentioned in the ITR. This is your acknowledgement. Your filing is now complete. Remember you have to compulsorily mail your ITR-V in a sealed A-4 envelope to the address mentioned above.
    Remember, if you miss submitting your ITR-V within 120 days, your e-filing will be considered invalid. It will be considered that you have not yet filed your return. You then have to file a revised return, get a new ITR-V and submit the same within 120 days.
    Not received the acknowledgement
    If you haven’t received the acknowledgement, download the acknowledgement from the income-tax web portal by logging in through your online account. The same will be available under 'E-filing processing status' under the tab 'My Account'.
    The receipt can also be checked by adding your PAN and assessment year or by filling the e-filing acknowledgement number on the 'ITR-V Receipt Status' tab under 'Services' section on the e-fling website.
    You can also call the CPC call centre number 1800-4250-0025 (from 9am to 8pm) to enquire about the status of e-filing. For rectification and refund, the number is 1800-425-2229

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    Wednesday 25 April 2018

    Monday 23 April 2018

    PRANAB MUKHERJEE REPORT

      Minister of External Affairs   
      India   
    Pranab Mukherjee
    No. 13787/EAM/2008                                                                                     19th December 2008
                Sub: 6th Central Pay Commission (CPC) Implementation:
                            Further benefits requested by the Armed Forces

                This has reference to the meeting taken by you on 27 November 2008 to discuss the report I had sent on 11 November 2008. While there was general agreement on the recommendations made, Finance Minister raised the issue regarding the horizontal relativities of Armed Forces vis-à-vis CPMFs and civilians. It was agreed that we should further examine the problems relating to Lt Col level officers on deputation to the Central Secretariat, Intelligence Agencies and CPMFs.
                As directed by you, I discussed the matter further with Shri A K Antony on 17 December. Since Shri P Chidambaram could not attend the meeting on 17 December, I sent him a note after my discussions with RM. I received his view this morning. The substantive portions of Shri Chidambaram’s view have been incorporated in the revised report which is enclosed. Following recommendations have been made in the revised report:  
    (i)         The pensionary benefits to all PBORs may be given without disadvantage to any category and an Anomaly Committee may be set (up) immediately to address any such cases.

    (ii)        Lt Cols, who are in their parent service in combat or ready-to-combat jobs, may be placed in Pay Band-4. Those Lt Col level officers who are on deputation would be entitled to PB-4 only when they return to parent service.
    :: 2::
    (iii)       The grade pay for Lt Cols who are in their parent service in combat or ready to combat jobs, may be fixed at Rs 8000/- against the grade pay of Rs 8700/- for Cols/Directors. Those Lt Col level Officers who are on deputation be entitled to the above grade pay when they return to parent service.   
    (iv)       A High-Powered Committee may be set up to resolve the issues relating to command and control functions/status of armed forces vis-à-vis paramilitary forces and civilians.
    (v)        The pay revision of the armed forces should be delinked from the civilian pay revisions. Separate Board or Commission should be set us to recommend the pay scales of the Armed Forces in future.
    You may like to approve these recommendations for implementation. 
    Yours sincerely,
    Sd/-----------------
    (Pranab Mukherjee)
    Dr Manmohan Singh
    Prime Minister of India
    New Delhi

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