Finance Minister Shri Arun Jaitley Asks the Indian Revenue Service (IRS-Customs & Central Excise) Officer Trainees to be Both Firm and Fair in Their Dealing with the Tax Assesses; Asks Them to Maintain High Level of Ethics, Morality and Credibility in Public Life
FM asks IRS-Customs & Central Excise Officer Trainees to be Both Firm & Fair in Their Dealing with Tax Assesses
Finance Minister Shri Arun Jaitley Asks the Indian Revenue Service (IRS-Customs & Central Excise) Officer Trainees to be Both Firm and Fair in Their Dealing with the Tax Assesses;
Asks Them to Maintain High Level of Ethics, Morality and Credibility in Public Life
The Union Finance Minister Shri Arun Jaitley asked the Indian Revenue Service (IRS-Customs &Central Excise) officer trainees to be both firm and fair in their dealing with the tax assesses. He said that they have to maintain a fine balance between what taxes are to be charged and what not to be charged. The Finance Minister said that those officers who are the face of Government before the public have to be acceptable. The Finance Minister Shri Jaitley was speaking after inaugurating the Professional Training Programme of 66th Batch of Officer Trainees of Indian Revenue Service (IRS) (Customs &Central Excise) here today. The Finance Minister Shri Jaitley further asked the officer trainees to abreast themselves during the 18-month long training programme with the new regime of indirect taxes especially after implementation of Goods & Service Tax (GST). He asked the trainees to maintain high level of ethics, morality and credibility in public life.
Speaking on the occasion, the Minister of State for Finance Shri Jayant Sinha asked the IRS officer trainees to work hard with integrity and have a mind set of serving the people with integrity. They must keep in mind that they are public servant and try to provide best possible costumer service to make the life easier for people at large. He asked them to use latest tools of technology in efficient discharge of their duties. He called for the need of raising the tax to Gross Domestic Product (GDP) ratio in the country which is quite low at 15.5% while in case of developed countries, it is above 30%. He asked the officer trainees to remove the bottlenecks at the structure level in order to improve the overall system in the Government rather than doing fire fighting and fixing the problems all the time.
Earlier, the Chairman Central Board of Excise and Customs (CBEC) Shri Kaushal Srivastava administrative the oath to newly recruited IRS trainees. He said that the Government has approved the setting-up of the new campus of National Academy of Customs, Central Excise and Narcotics (NACEN) in Andhra Pradesh.
Among others present on the occasion include Shri Shakti Kanta Das, Revenue Secretary, Members of CBEC, Shri G. Sreekumar Menon, DG, NACEN and the senior officers of Department of Revenue. (Source- PIB)
Reference has been received in the Board from field that cases which are admitted in the Settlement Commission should be allowed to be transferred to Call-book in addition to the three category of cases prescribed by Board, for inclusion in Call Book, vide Circular No. 162/73/95-CX dated 14.12.1995 issued vide F. No. 101/20/93-CX.3 read with Circular No. 53/90-CX dated 06.09.1990.
Inclusion of cases filed in the Settlement Commission in the "Call-Book"-reg.
Circular No. 992/16/2014-CX
dated 26.12.2014Sub: Inclusion of cases filed in the Settlement Commission in the "Call-Book"-reg.
Madam/Sir,
Reference has been received in the Board from field that cases which are admitted in the Settlement Commission should be allowed to be transferred to Call-book in addition to the three category of cases prescribed by Board, for inclusion in Call Book, vide Circular No. 162/73/95-CX dated 14.12.1995 issued vide F. No. 101/20/93-CX.3 read with Circular No. 53/90-CX dated 06.09.1990.
2. The issue has been examined and it is clarified that:-
i. Cases admitted by the Settlement Commission may be transferred to the Call-book, as it is already covered under Category "(ii) cases where injunction has been issued by the Supreme Court/High Court/CEGAT etc." mentioned in Circular dated 14.12.1995,
ii. Where there are multiple noticees, the case can be transferred only in respect of those noticees who have made application in the Settlement Commission, and whose case has been admitted by Settlement Commission,
iii. Cases shall be taken out of the Call-Book after Settlement Order has been issued or where the case has been reverted back for adjudication.
3. Difficulties faced, if any, in implementation of this Circular may be brought to the notice of the Board. Hindi version follows.
F. No. 201/26/2013-CX.6
Yours faithfully,
(ROHAN)
OSD (CX-6)
INCOME TAX NOTIFICATION No. 90/2014 Dated 23rd December 2014 Notified Pension Fund under Section 80C(2)(xiv) S.O.(E) In exercise of the powers conferred by clause (xiv) of sub- section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Reliance Retirement Fund set up by the Reliance Mutual
Govt. notifies 'Reliance Retirement Fund' as pension fund for deduction U/s. 80C
INCOME TAX
NOTIFICATION No. 90/2014
Dated 23rd December 2014
Notified Pension Fund under Section 80C(2)(xiv)
S.O.(E) In exercise of the powers conferred by clause (xiv) of sub- section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Reliance Retirement Fund set up by the Reliance Mutual Fund registered under the Securities and Exchange of Board of India (Mutual Fund Regulations, 1993) having registration No MF/022/95/1, dated the 30th June, 1995 as a pension fund for the purposes of the said clause for the assessment year 2015-16 and subsequent assessment years.
This notification shall come into force from the date of its publication in the Official Gazette.
F.No.178/63/2012-ITA-1)
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Karnataka to constitute 'Karnataka Computerisation of Police Society' -Notification No. 87/2014 - Dated- 23 December, 2014 Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Tamil Nadu to constitute 'Tamil Nadu Pollution Control Board' - […]
Govt. notifies 4 more entities for purposes of Sec. 10(46) exemption
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Karnataka to constitute 'Karnataka Computerisation of Police Society' -Notification No. 87/2014 – Dated- 23 December, 2014
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Tamil Nadu to constitute 'Tamil Nadu Pollution Control Board' – Notification No. 86/2014 – Dated- 23 December, 2014
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Kerala to constitute 'Kerala State Electricity Regulatory Commission'. – Notification No. 85/2014 – Dated- 23 December, 2014
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies for the constitution of 'North East Centre for Technology Application and Reach'. – Notification No. 84/2014 – Dated- 23 December, 2014
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Notification No. 87/2014
New Delhi, the 23 December, 2014
S.O. (E). - In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961. (43 of 1961.) the Central Government hereby notifies for the purposes of the said clause, the "Karnataka Computerisation of Police Society", a body constituted by the Government of Karnataka, in respect of the following specified income arising to that Society, namely:-
(a) amount received in the form of grants-in-aid from Government of India;
(b) interest earned on grants-in aid from Government of India.
- This notification shall be applicable for financial years 2013-14 to 2017-18.
- The notification shall be subject to the. following conditions that Karnataka Computerisation of Police Society:
(a) shall not engage in any commercial activity;
(b) its activities and the nature of the specified income remain unchanged throughout the financial year; and
(c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act.
[F.No.196/20/2013-ITA.1]
(Deepshikha Sharma)
Director to the Govt. of India
——————————
Notification No. 86/2014
Dated- 23 December, 2014
S.O. (E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies for the purposes of the said clause, the Tamil Nadu Pollution Control Board', a body constituted by the Government of Tamil Nadu, in respect of the specified income arising to the said Board, namely:
(a) consent fees;
(b) analysis fees or air ambient quality survey fees or noise level survey fees;
(c) vehicle emission monitoring test fees;
(d) reimbursement of the expense received from Central Pollution Control Board towards National Air Monitoring Programmes, Global Environment Monitoring System and Monitoring of Indian National Aquatic resources and like schemes;
(e) authorization fees;
(f) cess re-imbursement and cess appeal, fees;
(g) fees received for processing by State Environment Impact Assessment Authority
(h) fees collected for training conducted by the Environmental Training Institute of the Board where no profit element is involved and the activity is not commercial in nature;
(i) fees received under the Right to Information Act, 2005 (22 of 2005);
(j) public hearing fees;
(k) sale of law books where no profit element is involved and the activity is not commercial in nature;
(l) interest on loans and advances given to staff of the Board;
(m) miscellaneous income such as sale of old or scrap items, tenders fees and other matters relating thereto; and
(n) interest on deposits.
- This notification shall be applicable for the specified income of the Tamil Nadu pollution Control Board for the assessment year 2014-15 to 2018-19.
- The notification shall be subject to the following conditions, namely:-
(i) the Tamil Nadu Pollution Control Board shall not engage in any commercial activity;
(ii) the activities and the nature of the specified income of Tamil Nadu Pollution Control Board' remain unchanged throughout the financial year ; and
(iii) the Tamil Nadu Pollution Control Board files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act.
[F. No.196/26/2013-ITA.1]
(Deepshikha Sharma)
Director to the Govt. of India
——————-
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Notification No. 85/2014
New Delhi, the 23 December, 2014
S.O. (E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, "Kerala State Electricity Regulatory Commission, a Commission constituted by the Government of Kerala in respect of the following specified income arising to that Commission, namely:-
(a) amount received in the form of grants and loans from the Government of Kerala;
(b) petition fees;
(c) licence fees;
(d) Interest earned from investment
- This notification shall be applicable for the financial years 2012-2013 to 2016-2017.
- The notification shall be subject to the conditions that the Kerala State Electricity Regulatory Commission:-
(a) shall not engage in any commercial activity;
(b) its activities and the nature of the specified income remain unchanged throughout the financial year; and
(c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act.
[F. No. 196/09/2014-ITA.I]
(Deepshikha Sharma)
Director to the Govt. of India
—————————————-
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Notification No. 84/2014
New Delhi, the 23 December, 2014
S.O. –(E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies for the purposes of the said clause, the 'North East Centre for Technology Application and Reach', a body constituted by the Central Government , in respect of the following specified income arising to the said body, namely :-
(i) grants in aid;
(ii) interest earned on grants-in-aid.
2. This notification shall be applicable for the above specified income of the North East Centre for Technology Application and Reach', for the assessment year 2013-14 to 2017-18.
3. The notification shall be subject to the following conditions, namely:-
- the said body shall not engage in any commercial activity;
- the activities and the nature of the specified income of the said body remain unchanged throughout the financial year ; and
- the said body files return of income in accordance with the provision of clause (g) of sub section (4C) of section 139 of the said Act.
4. The grants received by the said body shall be received and applied in accordance with the prevailing rules and regulations.
[F. No. 196/11/2014-ITA. 1]
(Deepshikha Sharma)
Director to the Govt. of India
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