కరీంనగర్ తపాల ఉద్యోగులకు తెలంగాణా బత్కమ్మ శుభాకాంక్షలు
Tuesday, September 27, 2011
Declining promotion to Postmaster Grade-I by the officials declared successful in Postmaster Grade-I Departmental Competitive Examination held on
I am directed to refer to Directorate's letter of even number dated 9.8.2011 on the above subject and to say that in the aforesaid letter the Circles were advised that declination of appointment by the candidate to the post of Postmaster Grade-I after passing the Departmental examination, but before his appointment ,may be accepted.
2. References are being received seeking clarification with regard to acceptance of declination of appointment by the candidate to the post of Postmaster Grade-I after issue of order of appointment but before joining by the candidate to the post of Postmaster Grade-I.
3. The Directorate's letter of even number dated 9.8.2011 is very clear. Declination of appointment by the officials can be accepted by the Circles only if the same is received before issue of order of appointment. No deviation is permissible in the matter.
D.G. Posts No. 4-24/2011-SPB-II dated 26 Sep, 2011.
2. References are being received seeking clarification with regard to acceptance of declination of appointment by the candidate to the post of Postmaster Grade-I after issue of order of appointment but before joining by the candidate to the post of Postmaster Grade-I.
3. The Directorate's letter of even number dated 9.8.2011 is very clear. Declination of appointment by the officials can be accepted by the Circles only if the same is received before issue of order of appointment. No deviation is permissible in the matter.
D.G. Posts No. 4-24/2011-SPB-II dated 26 Sep, 2011.
TRAI clears confusion over SMS limit,exempts certain services
Regulator TRAI has exempted various service providers, including the dealers of telecom operators, e-ticketing agencies and social networking sites, from the new limit of one hundred SMSes per day per SIM, which was imposed to block pesky calls and messages.
On 5th September, after much delay, Trai had come out with recommendations to stop pesky calls and text messages from 27th September, ordering that no access provider (operators) shall permit the transmission of more than 100 SMSes per day per SIM.
"Hereby directs all access providers to exclude the following persons from the limit of one hundred SMS per day per SIM -- dealers of the telecom service providers and DTH operators for sending request for electronic recharge on mobile numbers," Trai said in a statement on Tuesday.
The directive from the regulator had come in the wake of concerns raised by telecom lobby COAI on limiting the SMS entitlement per SIM to 100 per day.
It will also exempt e-ticketing agencies for responding to e-ticketing request made by its customers, SMSes from social networking sites Facebook, Twitter, Orkut, LinkedIn and GooglePlus to their members in connection to activities relating to their accounts, based on verifiable options; and agencies providing directory services, such as Justdial, Zatse, Callezee, Getit and Askme, Trai added.
Earlier, COAI had asked Trai to reconsider its recommendation to limit the number of SMSes per sim to 100 per day, saying that such a regulation may pose a potential challenge to the "fundamental rights" of an ordinary users.
There are several instances where SMSes are an important mode of communication.
There could be a situation where a customer has exhausted the limit and suddenly some emergency occurs, COAI had said.
Further, this limit will not also be applicable on "blackout days" (festive occasions), when the customer is free to send as many messages he wants.
In the case of post-paid telephone numbers, the access provider shall not permit more than 3,000 SMSes per SIM per month, the Trai recommendations had said.
However, Trai said, "The access provider shall, before excluding the persons, obtain an undertaking from such person that he shall not use the said facility in any manner for sending commercial communications."
Subscribers have the option of choosing to be under the 'Fully Blocked' category, which is akin to the 'Do Not Call Registry'.
If a user selects the 'Partially Blocked' category, he/she will receive SMSes in categories chosen.
For registering under the fully blocked list, a customer has to SMS 'START 0' to 1909.
On 5th September, after much delay, Trai had come out with recommendations to stop pesky calls and text messages from 27th September, ordering that no access provider (operators) shall permit the transmission of more than 100 SMSes per day per SIM.
"Hereby directs all access providers to exclude the following persons from the limit of one hundred SMS per day per SIM -- dealers of the telecom service providers and DTH operators for sending request for electronic recharge on mobile numbers," Trai said in a statement on Tuesday.
The directive from the regulator had come in the wake of concerns raised by telecom lobby COAI on limiting the SMS entitlement per SIM to 100 per day.
It will also exempt e-ticketing agencies for responding to e-ticketing request made by its customers, SMSes from social networking sites Facebook, Twitter, Orkut, LinkedIn and GooglePlus to their members in connection to activities relating to their accounts, based on verifiable options; and agencies providing directory services, such as Justdial, Zatse, Callezee, Getit and Askme, Trai added.
Earlier, COAI had asked Trai to reconsider its recommendation to limit the number of SMSes per sim to 100 per day, saying that such a regulation may pose a potential challenge to the "fundamental rights" of an ordinary users.
There are several instances where SMSes are an important mode of communication.
There could be a situation where a customer has exhausted the limit and suddenly some emergency occurs, COAI had said.
Further, this limit will not also be applicable on "blackout days" (festive occasions), when the customer is free to send as many messages he wants.
In the case of post-paid telephone numbers, the access provider shall not permit more than 3,000 SMSes per SIM per month, the Trai recommendations had said.
However, Trai said, "The access provider shall, before excluding the persons, obtain an undertaking from such person that he shall not use the said facility in any manner for sending commercial communications."
Subscribers have the option of choosing to be under the 'Fully Blocked' category, which is akin to the 'Do Not Call Registry'.
If a user selects the 'Partially Blocked' category, he/she will receive SMSes in categories chosen.
For registering under the fully blocked list, a customer has to SMS 'START 0' to 1909.
Clarification regarding restriction of officiating pay under FR 35
In terms of the provisions contained in Fundamental Rule 35, the Central Government may fix the pay of an officiating Government Servant at an amount less than that admissible under the Fundamental Rules. Accordingly, orders have been issued from time to time indicating the circumstances and the extent to which provisions of FR 35 would apply.
The question of revising these ceilings consequent upon implementation of CCS(RP) Rules, 2008, which have replaced pre-revised pay scales by the running pay bands and grade pay, has been considered by the Government and the President is pleased to decide to replace the existing criteria of basic pay regarding imposition of the above restriction by the criteria of pay in the pay band.
Accordingly, the pay under FR 35 shall be restricted so as , not to exceed the basic pay in the revised scales by more than the amounts shown below:
a) For employees in receipt of 12-1/2% of the basic Pay j.n the pay band above pay subject to a Rs. 14880 p.m. maximum o f Rs. 2000 p.m. (including the difference of grade pay between the feeder and the motional
post) .
b) For employees in receipt of 15% of the basic pay Pay in the pay band upto subject to a maximum of Rs.14880 p.m. Rs.2000 p.m. (including the difference of grade pay between the feeder and the promotional
post).
3. In sofar as the rate of increment to be drawn in cases where the pay is fixed under FR 35 is concerned, the Government servant may be allowed to draw his annual increment @ 3% of the basic pay granted to him after imposition of restrictions under FR 35.
4. In so far as persons serving in the Indian Audit & Accounts Department are concerned, these orders issue in consultation with the Comptroller & Auditor General of India.
The question of revising these ceilings consequent upon implementation of CCS(RP) Rules, 2008, which have replaced pre-revised pay scales by the running pay bands and grade pay, has been considered by the Government and the President is pleased to decide to replace the existing criteria of basic pay regarding imposition of the above restriction by the criteria of pay in the pay band.
Accordingly, the pay under FR 35 shall be restricted so as , not to exceed the basic pay in the revised scales by more than the amounts shown below:
a) For employees in receipt of 12-1/2% of the basic Pay j.n the pay band above pay subject to a Rs. 14880 p.m. maximum o f Rs. 2000 p.m. (including the difference of grade pay between the feeder and the motional
post) .
b) For employees in receipt of 15% of the basic pay Pay in the pay band upto subject to a maximum of Rs.14880 p.m. Rs.2000 p.m. (including the difference of grade pay between the feeder and the promotional
post).
3. In sofar as the rate of increment to be drawn in cases where the pay is fixed under FR 35 is concerned, the Government servant may be allowed to draw his annual increment @ 3% of the basic pay granted to him after imposition of restrictions under FR 35.
4. In so far as persons serving in the Indian Audit & Accounts Department are concerned, these orders issue in consultation with the Comptroller & Auditor General of India.
New Income Tax Code from 2011 -Finance Minister
The government plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals like taxation of retirement benefits, weeding out incentives for housing sector and changes in the Minimum Alternate Tax (MAT).
The proposals in the Code are only “illustrative” and are open for discussion and there is no need to think that these”have been decided,” Finance Minister Mr. Pranab Mukherjee said.
Giving the roadmap for the Code that will replace the Income Tax Act of 1961, he said, “It will be implemented from 2011. So, the finance bill of 2011-12 would be appropriate.”
The government, Mr. Mukherjee said, has identified seven critical areas of concern in the Code and would take suggestions on board before finalising it.
The Code is silent on tax incentives for housing sector as against the current practice of provide rebate on repayment of interest and principal on home loans.
The critical areas of concern include shifting the base for computation of Minimum Alternate Tax (MAT) from book profits to assets; capital gainstaxation in case of non-residents; double tax avoidance agreements; General Anti-Avoidance Rules (GAAR); taxation of foreign companies; taxation of charitable institutions; and shift to EET system for taxation of savings.
On the issues relating to taxation of savings at the time of withdrawal, the Minister said, “Whether it will be EET (exempt, exempt, tax) or ETE (exempt, tax, exempt) … is to be finally arrived at a decision. So one need not rush to the conclusion that it has been decided. That is the short point that I would like to make it clear.”
The direct tax reforms are basically aimed at doing away with the “plethora of exemptions”, Mukherjee said, adding “if somebody analysis the Act of 1961, as amended from time to time now (will) realise that the original character of the Act is lost through a series of amendments.
DTC has proposed that all savings schemes should be taxed at the time of withdrawal. Under the current dispensation, the savings schemes like Public Provident Fund (PPF) and General Provident Fund (GPF) are not taxed at all, while in some schemes like National Savings Certificate (NSC) only interest accruals are taxed.
As regards the MAT, the Code proposes to levy minimum tax on assets instead of book profits. The proposal evoked sharp reaction from the industry which described the move as introducing wealth tax on enterprises.
Referring to his interaction with the representatives of the industry on the Code at Delhi and Bangalore, Mr. Mukherjee said, “I told them to express (their) views candidly … final decision will be taken after obtaining inputs from various stake holders and in depth discussions.”
The proposals in the Code are only “illustrative” and are open for discussion and there is no need to think that these”have been decided,” Finance Minister Mr. Pranab Mukherjee said.
Giving the roadmap for the Code that will replace the Income Tax Act of 1961, he said, “It will be implemented from 2011. So, the finance bill of 2011-12 would be appropriate.”
The government, Mr. Mukherjee said, has identified seven critical areas of concern in the Code and would take suggestions on board before finalising it.
The Code is silent on tax incentives for housing sector as against the current practice of provide rebate on repayment of interest and principal on home loans.
The critical areas of concern include shifting the base for computation of Minimum Alternate Tax (MAT) from book profits to assets; capital gainstaxation in case of non-residents; double tax avoidance agreements; General Anti-Avoidance Rules (GAAR); taxation of foreign companies; taxation of charitable institutions; and shift to EET system for taxation of savings.
On the issues relating to taxation of savings at the time of withdrawal, the Minister said, “Whether it will be EET (exempt, exempt, tax) or ETE (exempt, tax, exempt) … is to be finally arrived at a decision. So one need not rush to the conclusion that it has been decided. That is the short point that I would like to make it clear.”
The direct tax reforms are basically aimed at doing away with the “plethora of exemptions”, Mukherjee said, adding “if somebody analysis the Act of 1961, as amended from time to time now (will) realise that the original character of the Act is lost through a series of amendments.
DTC has proposed that all savings schemes should be taxed at the time of withdrawal. Under the current dispensation, the savings schemes like Public Provident Fund (PPF) and General Provident Fund (GPF) are not taxed at all, while in some schemes like National Savings Certificate (NSC) only interest accruals are taxed.
As regards the MAT, the Code proposes to levy minimum tax on assets instead of book profits. The proposal evoked sharp reaction from the industry which described the move as introducing wealth tax on enterprises.
Referring to his interaction with the representatives of the industry on the Code at Delhi and Bangalore, Mr. Mukherjee said, “I told them to express (their) views candidly … final decision will be taken after obtaining inputs from various stake holders and in depth discussions.”
INCOME TAX: Cabinet Clears the Direct Tax Code (DTC) Bill in Parliament.
The Cabinet at its hour-long meeting chaired by the Prime Minister discussed at length various provisions of the DTC Bill, which will seek to bring about radical reforms and simplification in direct tax structure including the Income Tax rates and exemptions.
Features:* It will be effective From April 1, 2011.
* It will Replace the old Income Tax Act which is 50 years old.
* Employees have to pay less direct tax in each slab of income.
* Limit of exemption for salaries employees : 2 Lakhs.
* Limit of exemption for senior citizens: 2.5 Lakhs.
* Tax for income between Rs. 2 lakhs - Rs. 5 lakhs: 10%
* Tax for income between Rs. 5 lakhs - Rs. 10 lakhs: 20%
* Tax for income over Rs.10 Lakhs 30 %.
* Corporate Tax 30 %.
FAQS ON I.T.:
Under the direct taxes code (DTC) regime, what happens if a salaried employee withdraws money from his/her approved Provident Fund (PF)/Superannuation fund (SF) /Gratuity and other retrial benefit schemes? How will the DTC affect pension plans?
In the initial draft of DTC, the government has proposed to move to the exempt-exempt-tax (EET) basis of taxation for long-term saving schemes. That is, exemption granted at the time of contribution (making an investment) and accrual on such investments. But at the time of withdrawal, such accumulations were proposed to be taxed. Under the revised discussion paper on DTC (RDP), released recently by the Government, it has been proposed to restore the exempt-exempt-exempt (EEE) basis of taxation for Provident Funds (Government, Recognised or Public), approved pension schemes, pure life insurance products and annuity schemes. Accordingly, the withdrawal from approved PF/SF may continue to be not taxable at the time of withdrawal.
Further, the retirement benefits have also been proposed to be exempted from tax subject to limits. Benefits such as gratuity, leave encashment, commutation of pension (linked to gratuity), would be exempt subject to the limits to be prescribed.
Regarding pension schemes, where these schemes are administered by Insurance Regulatory and Development Authority (Irda), these schemes may get the benefit of EEE basis of taxation. The provisions of exemptions are expected to be on the similar lines as are contained in the existing tax laws. But one would need to wait and see the final shape of DTC how EEE basis of taxation is finally legislated.
Currently an employer's contribution to provident fund/ approved superannuation fund (up to Rs 100,000) is exempt. Would these exemptions continue in DTC regime?
The RDP has proposed to exclude the employer’s contribution to PF and approved SF from the definition of the salary up to a certain limit. Accordingly, such contributions may not be taxable subject to the limits to be prescribed.
Would I be able to get the benefits of house rent allowance (HRA), medical reimbursement, leave travel assistance, etc. under the DTC regime?
The deduction of HRA and leave travel assistance would not be available. However the medical expenses reimbursement (which is presently not taxable upto Rs 15,000) is proposed to be reinstated with higher monetary limits.
What happens to the policyholders who have invested in unit-linked insurance plans (Ulip)? Whether the proceeds receivable on maturity is taxable under the proposed DTC regime?
The RDP has proposed to restore the EEE basis of taxation for saving schemes. As mentioned in answer to question no 1, such benefits have been extended to pure insurance products or annuity on schemes also. While the debate whether Ulip is an investment product or insurance product is still on, but there does not seem to be clarity in the RDP whether Ulip will enjoy the benefit of EEE basis of taxation or not. A clarity on this aspect in the final print of DTC would be useful keeping in view the fact that Ulip is a popular product. It has been proposed in the RDP that investments made in instruments before the commencement of the DTC, which currently enjoy the benefit of EEE basis of taxation would continue to get the same until their full term. Accordingly, investments made in Ulip schemes before April 01, 2011( when DTC is expected to be implemented), the benefit of EEE basis of taxation should be made available to that extent.
What is the tax implication of interest on housing loan paid/payable during the financial year 2011-12 (assuming that the DTC will come in force)?
The RDP has restored the deduction of Rs. 1.5 lakh on account of interest paid/ payable in relation to one not let out house property. Accordingly, the tax payer would be able to claim the above deduction.
Is there any exemption for senior citizens available under the DTC? Whether tax benefit available on reverse mortgage transactions would continue under the DTC regime?
Under the existing tax laws, a senior citizen pays tax only whom his/her taxable income exceeds Rs 240,000. The said limit has not been enhanced either in the DTC or the RDP. Further, the existing provisions of the Income Tax Act, 1961, exempts the reverse mortgage transaction from the definition of transfer and hence these transactions do not attract any tax. However, similar provisions are not there in the DTC and even the RDP has not indicated extension of any such benefit. One may hope that there would be some addressal on the reverse mortgage transactions when DTC is rolled out as these schemes are a mechanism to avoid financial hardship at old age.
source:business-standad. Written by Kuldip Nayyar.
Features:* It will be effective From April 1, 2011.
* It will Replace the old Income Tax Act which is 50 years old.
* Employees have to pay less direct tax in each slab of income.
* Limit of exemption for salaries employees : 2 Lakhs.
* Limit of exemption for senior citizens: 2.5 Lakhs.
* Tax for income between Rs. 2 lakhs - Rs. 5 lakhs: 10%
* Tax for income between Rs. 5 lakhs - Rs. 10 lakhs: 20%
* Tax for income over Rs.10 Lakhs 30 %.
* Corporate Tax 30 %.
FAQS ON I.T.:
Under the direct taxes code (DTC) regime, what happens if a salaried employee withdraws money from his/her approved Provident Fund (PF)/Superannuation fund (SF) /Gratuity and other retrial benefit schemes? How will the DTC affect pension plans?
In the initial draft of DTC, the government has proposed to move to the exempt-exempt-tax (EET) basis of taxation for long-term saving schemes. That is, exemption granted at the time of contribution (making an investment) and accrual on such investments. But at the time of withdrawal, such accumulations were proposed to be taxed. Under the revised discussion paper on DTC (RDP), released recently by the Government, it has been proposed to restore the exempt-exempt-exempt (EEE) basis of taxation for Provident Funds (Government, Recognised or Public), approved pension schemes, pure life insurance products and annuity schemes. Accordingly, the withdrawal from approved PF/SF may continue to be not taxable at the time of withdrawal.
Further, the retirement benefits have also been proposed to be exempted from tax subject to limits. Benefits such as gratuity, leave encashment, commutation of pension (linked to gratuity), would be exempt subject to the limits to be prescribed.
Regarding pension schemes, where these schemes are administered by Insurance Regulatory and Development Authority (Irda), these schemes may get the benefit of EEE basis of taxation. The provisions of exemptions are expected to be on the similar lines as are contained in the existing tax laws. But one would need to wait and see the final shape of DTC how EEE basis of taxation is finally legislated.
Currently an employer's contribution to provident fund/ approved superannuation fund (up to Rs 100,000) is exempt. Would these exemptions continue in DTC regime?
The RDP has proposed to exclude the employer’s contribution to PF and approved SF from the definition of the salary up to a certain limit. Accordingly, such contributions may not be taxable subject to the limits to be prescribed.
Would I be able to get the benefits of house rent allowance (HRA), medical reimbursement, leave travel assistance, etc. under the DTC regime?
The deduction of HRA and leave travel assistance would not be available. However the medical expenses reimbursement (which is presently not taxable upto Rs 15,000) is proposed to be reinstated with higher monetary limits.
What happens to the policyholders who have invested in unit-linked insurance plans (Ulip)? Whether the proceeds receivable on maturity is taxable under the proposed DTC regime?
The RDP has proposed to restore the EEE basis of taxation for saving schemes. As mentioned in answer to question no 1, such benefits have been extended to pure insurance products or annuity on schemes also. While the debate whether Ulip is an investment product or insurance product is still on, but there does not seem to be clarity in the RDP whether Ulip will enjoy the benefit of EEE basis of taxation or not. A clarity on this aspect in the final print of DTC would be useful keeping in view the fact that Ulip is a popular product. It has been proposed in the RDP that investments made in instruments before the commencement of the DTC, which currently enjoy the benefit of EEE basis of taxation would continue to get the same until their full term. Accordingly, investments made in Ulip schemes before April 01, 2011( when DTC is expected to be implemented), the benefit of EEE basis of taxation should be made available to that extent.
What is the tax implication of interest on housing loan paid/payable during the financial year 2011-12 (assuming that the DTC will come in force)?
The RDP has restored the deduction of Rs. 1.5 lakh on account of interest paid/ payable in relation to one not let out house property. Accordingly, the tax payer would be able to claim the above deduction.
Is there any exemption for senior citizens available under the DTC? Whether tax benefit available on reverse mortgage transactions would continue under the DTC regime?
Under the existing tax laws, a senior citizen pays tax only whom his/her taxable income exceeds Rs 240,000. The said limit has not been enhanced either in the DTC or the RDP. Further, the existing provisions of the Income Tax Act, 1961, exempts the reverse mortgage transaction from the definition of transfer and hence these transactions do not attract any tax. However, similar provisions are not there in the DTC and even the RDP has not indicated extension of any such benefit. One may hope that there would be some addressal on the reverse mortgage transactions when DTC is rolled out as these schemes are a mechanism to avoid financial hardship at old age.
source:business-standad. Written by Kuldip Nayyar.
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