Thursday, March 22, 2018

Clarification regarding verification of membership for recognition of Service Associations representing Gramin Dak Sevaks (GDS)

Clarification regarding verification of membership for recognition of Service Associations representing Gramin Dak Sevaks (GDS) under Extra Departmental Agents (Recognition of Associations) Rules, 1995.

7 Common Reasons Why You Get Income Tax Notices

1. Due to TDS
You may be slapped with a notice by the department if there is any mismatch in the amount of TDS which you have shown in your return and the actual TDS that has been deducted during the year. For example, In case, your employer forgot to file TDS return but the same amount is shown in your income tax return then there arises a situation of mismatch.

While filing your return always make sure that the amount in form 26-AS matches with the amount you show in your return.

2. Mismatch of information in the return filed by you
If you make a mistake while filing your income tax return then be prepared for a notice. Mistakes can vary from filing incomplete information, claiming deduction under the wrong section or missing out on any specific income ignored completely.

3. Random Scrutiny
The IT Department selects many returns randomly for scrutiny while processing the returns. Upon receiving these scrutiny notices, don’t panic and read the notice thoroughly and do the needful within the time stipulated in the notice.

4.Ignoring income received from the previous employer
In case you’re wondering that you can smartly deceive IT Department by not mentioning the income received from the previous employer, then you’re wrong. IT Department can easily find it out from your Form 26-AS as it contains all the details of TDS deducted by your employer during the year.So don’t think of indulging in these types of practices instead save your taxes by smart tax planning.

5. Not depositing the full amount of tax assessed before the due date
You’ll be served with a notice by the IT Department if you do not pay the full amount of tax payable before the due date specified by the IT Department. For example, if your tax liability is of Rs. 20,000 and you only pay Rs. 16,000 by the due date then be prepared to tackle a notice.
6. Income Tax Return not filed or filed after the due date
You can receive a notice from IT Department for not filing a return if you haven’t filed your return yet. The follow-up task is very simple, just check if you’re required by law to file the return, if yes then just file your return and your problem is solved but you might have to pay penalty and interest at the rate 1% per month.

7. High-Value Transactions
For all the high-value transactions that you enter into with some entity or individuals, you higher your chances of getting a notice from IT Department. Following transactions can be classified as high-value transactions:
  • Cash deposits in bank aggregating to Rs. 10 lacs or more.
  • Payment via credit card of Rs. 2 lacs or more.
  • Investment in mutual funds of Rs. 2 lacs or more.
  • Investment in debenture or bonds in a company of Rs. 5 lacs or more.
  • Investment in shares of a company of Rs. 1 lac or more.
  • Purchasing jewelry of Rs. 2 lacs or more.
  • Always make sure that you provide your PAN number while entering into such transactions to safeguard yourself.

Income Tax Dept. Advises: Say no to Cash Transactions

  • DO NOT ACCEPT cash of Rs. 2,00,000/- or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion.
  • DO NOT RECEIVE OR REPAY Rs. 20,000/- or more in cash for transfer of immovable Property.

Sub Office Slip Generator for HPOs Version 1.0

User help for CSI Quick Sub Office Slip (Version 1.0 [23-03-2018] ) 

1) Configure your H.O Name and Sub Office Names for intialisation. Then save the work book and close to intialising the Office Names. 
2) Type the S.O Slip date as dd/mm/yy format and select the S.O Names and type the OB,Cash, Stamp,Documents as per your choice 
3) After typing the details press the save button in S.O Slip 
4) Press the Print button for printing the S.O Slip 
4) You can view the previous dates S.O Slips also by typing the S.O Slip Date and by selecting the S.O Name 
5) Press the Enter key to move between the input boxes 
S. Thiyagarajan
P.A Mayiladuthurai R.S
Mayiladuthurai 
609003
Click below link to download SO Slip

Updated Quick B.O slip Generator Version 1.1

User help for CSI Quick B.O Slip (Version 1.1 [23-03-2018] ) 

1) Configure your office Name and Brach Names for intialisation. Then save the work book and close to intialising the Office Names. 
2) Type the B.O Slip date as dd/mm/yy format and select the B.O Names and type the OB,Cash, Stamp,Documents as per your choice 
3) After typing the details press the save button in B.O Slip 
4) Press the Print button for printing the B.O Slip 
4) You can view the previous dates B.O Slips also by typing the B.O Slip Date and by selecting the B.O Name 
5) Press the Enter key to move between the input boxes 
6) Automatic numbering of documents included in V 1.1 
7) Date Selection Calender included 
8) Automatic Opening Balance amount in words included 
9) Some bugs cleared in Version 1.1 for quick B.O Slip entry without using the mouse

Click below link to download revised version of BO Slip

AADHAAR CENTRES IN POST OFFICES/ BANKS


OPENING OF OFFICE ON HOLIDAYS


PENALTY ON TELECOM SERVICE PROVIDERS


Kendriya Vidyalaya Admission 2018: First list published on 26.3.2018

Kendriya Vidyalaya Admission 2018: First list published on 26.3.2018

KV School Admission 2018: Class 1 List will be released on 26.3.2018
The registration is closed (as of 19 March 05:00 PM) for admission to class 1 for the academic year 2018-2019. And the first list of selected children will be published in the respective school websites on 26th(Monday) of this month.

The first selection list for admission class 1 will be expected to display on the school’s notice board for the parents to check. And the intimation will also be sent through email or sms to parents of the child.

This year expected that more than 8 lakh children registered for admission in Class 1 through KVS Official Portal. Now, parents can check the application status.


SSC Combined Higher Secondary Level (10+2) Examination, 2016 Final Marks

Staff Selection Commission declared the Final Result of Combined Higher Secondary Level (10+2) Examination, 2016 on 16.02.2018. Now the Commission has decided the upload the marks of 26658 candidates who appeared in Typing Test/Skill Test in CHSL Examination, 2016.

Candidates may check their marks on the following link from 21.03.2018 to 20.04.2018: http://ssconline.nic.in/sscmarksmodule by using his/her Registration No./Roll No. and Registered Password.

Join with Postal Life Insurance (PLI) - Low Premium & High Bonus

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  • Income Tax rebate U/S 80C
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  • Pay premium at any Post Offices in India
  • Register your mobile number and email id for online payment.
  • for online premium payment at https://pli.indiapost.gov.in