Monday, 26 October 2015
Friday, 23 October 2015
SIMPLIFICATION OF PROCEDURE FOR FORM NO.15G & 15H
Simplification of procedure for Form No.15G & 15H - regarding
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASENew Delhi, 30th September, 2015
Subject: Simplification of procedure for Form No. 15G & 15H - regarding
Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961 (‘the Act’). In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and the tax deductor, the Central Board of Direct taxes has simplified the format and procedure for self declaration of Form No.15G or 15H. The procedure for submission of the Forms by the deductor has also been simplified.
The revised procedure shall be effective from the 1st day of October, 2015.
The Notification issued Vide S.O. No.2663(E) dated 29th September 2015 is available on the website of the Department at www.incometaxindia.gov.in
(Shefali Shah)
Pr. Commissioner of Income Tax (OSD)
Official Spokesperson, CBDT
NPS TRUST WILL START RECOVERING FEE/CHARGE @ 0.01% OF THE AUM ON DAILY ACCRUAL BASIS
We would like to bring to your kind attention that NPS Trust will start recovering fee/charge @ 0.01% of the AUM on daily accrual basis to meet its expenditure, with effect from 1st November, 2015 which has been approved by Pension Fund Regulatory and Development Authority.
Tuesday, 20 October 2015
SB ORDER 14/2015- ROLE OF SBCO IN CBS ENVIRONMENT
Role Of SBCO In CBS Environment
In the CBS Environment, following procedure will be followed by Post Offices and SBCO Officials for Transactions happened in CBS Post Offices:-
1. General
1.1 As and when SOs are migrated to CBS, staff working in SOSB Branch should be reduced and re-deployed either at POSB Counters or at CPC or in the SBCO Branch for assistance in physical voucher checking.
1.2 Incharge SBCO will identify one SBCO PA who will take vouchers bundles with consolidation from Sub Account and tally totals shown in consolidation with amount shown in SO Daily Account and SO Summary.
1.3 Handling of Agent Commission Schedules and ACG-17 by SBCO will be discontinued. ACG-17 will be preserved alongwith Agent Commission Report/schedule in the Accounts Branch of HPO and sent to PAO alongwith other schedules.
1.4 In case of RD deposits accepted through MPKBY Agents, only two copies of Agent LOT is to be taken from the agent alongwith pay-in-slip and ACG-17. One copy of Agent LOT will be kept in the office guard file and second copy Agent schedule (LOT) should be attached with the pay-in-slip and placed at the end of RD Voucher Bundle.ACG-17 is to be attached with the Agent Commission Report/schedule and sent to Accounts Branch of HO.
1.5 Account Opening Form (SB-3/AOF) where KYC documents are attached will not be transferred to SBCO alongwith Account Closure Voucher. APM/SPM should record on the closed vouchers that “ SB-3/AOF retained with KYC documents”. In case of any SB-3 or AOF with whom KYC documents are not attached (subsequently opened accounts), SB-3 or AOF is to be attached with the closed voucher and sent to SBCO. SBSO branch of HOs will send all SB-3 of SOs (migrated to CBS) to the respective SOs. In case of Accounts closed at the Post Office other than the one where account was opened, Account Transfer Form collected by the Post Office at the time of closure should be attached with the closure voucher.
1.6 In case of any adjustment if required in interest, Postmaster/Sub Postmaster will write error book and raise the issue to Head Postmaster who will raise the issue with Incharge SBCO. In case of any adjustment related to pre-migration period, Head Postmaster will raise the issue with Divisional Head with copy of error book who will after necessary inquiry (if required), approve adjustment and send letter to SBCO Incharge.
1.7 Postmaster/APM/SPM will be held personally responsible for all transactions happened in the Finacle Office Accounts in the post office. They should be vigilant while verifying the transactions to see the Office Account Number used by the User.
2. Change in procedure of Sealing of Vouchers and LOT by CBS Post Offices
2.1 Post Office staff will write name of Scheme and TRAN ID in red ink on the right hand side of the voucher.
2.2 One deposit slip and one withdrawal slip will be prepared for auto-credit of MIS/SCSS/TD to Savings and Savings to RD.
2.3 One deposit slip will be prepared for the total of each type of Agent commission credited into savings accounts supported by consolidated list of commission paid.
2.4 One withdrawal slip will be prepared by SPM/APM for the POSB Cheque clearing amount ( based on the clearing amount intimated to Clearing House/HO) and print out of cheque’s images should be attached to it.
2.5 At the closing of counter hours, all vouchers should be sorted scheme-wise and TRAN ID wise. Vouchers should be tallied with LOT shown in the system by Counter PA and Supervisor.
2.6 A consolidation of the scheme should be generated and printed by all CBS post offices. Where laser printers are not available, while executing command in HFINRPT, user has to select “XLS” instead of “PDF” (which is shown by default) in the field “Output File Name”. Then report can be printed on Dot Matrix printer.
2.7 All vouchers including closed vouchers are to be sealed along with print out of consolidation. One copy of consolidation (scheme-wise) is to be preserved in post office in guard file to be maintained scheme-wise and date-wise. APM/SPM will sign the consolidation and write the amount in words and figures alongwith No. of Deposit/Withdrawal vouchers included in the bundle. If any manual correction is made, it should be supported by copy of error book (one copy to be attached with voucher, one copy with office copy of consolidation and one copy to be sent to Divisional Office.
Friday, 16 October 2015
SUGGESTIONS OR VIEWS REGARDING ENHANCEMENT OF LIMIT OF WITHDRAWALS FROM RS. 5000 TO RS. 10000 AT BOS WITHOUT OBTAINING SANCTION FROM ACCOUNT OFFICE
SUGGESTIONS OR VIEWS REGARDING ENHANCEMENT OF LIMIT OF WITHDRAWALS FROM RS. 5000 TO RS. 10000 AT BOS WITHOUT OBTAINING SANCTION FROM ACCOUNT OFFICE
- Previously, the limit of withdrawals from Rs.2000/- to Rs.5000 vide SB Order No.19/2009 dated 14.12.2009
- In this regard, it is submitted that raising the limit of withdrawal will necessitate revision of minimum and maximum balance at branch Post Office by Divisional Heads. As such, before taking any decision in this regard, the view of the circle heads are solicited.
Sj. Niranjan Mohanty is the new ASP(HQ)
The following Officer in ASP Cadre is transferred and posted as mentioned below vide CO Memo No.ST/20-15(2)/2015 dated 16-10-2015.
Sl No
|
Name of Officer
S/Shri
|
Present place of working
|
Place of Posting on Transfer
|
1.
|
Niranjan Mohanty
|
Postamaster, Puri HO
|
Asp(HQ), Puri Division, Puri
|
Our Union pledges every support to Sri Mohanty for his new assignment.
Wednesday, 14 October 2015
Attention CBS POs, CSAC has been disabled
CSAC Is Disabled. User Login Automatically Released
While Invoke 'CSAC' in System Administrator it may showsThe Menu Option is invalid or it is not available for the User.
CSAC is Disable by Infosys. Now, User can login without already logged in Issues.
When the login shows "ALREADY LOGGEDIN" , just close the browser and reopen it. If the problem still exists then do the following things
1. Press F12 - > Ctrl+r -> Yes
2. Press shift+ctrl+delete
SB ORDER 13/2015: REGARDING DEDUCTION OF TDS ON INTEREST OF TD AND RD
Deduction Of TDS Under Section 194A Of Income Tax Act 1961 (Amended By Finance Act 2015)
This office has received a reference from a customer through email mentioning that income Tax Commissioner Mumbai has writter a letter on 8.9.2015 to Postmaster General GPO Mumbai for implementing the amendments applicable from 1.6.2015 in section 194A of Income Tax Act 1961 through Financial Act2015 under which Postmasters have to deduct TDS of Agreegate interest payment on Time Deposits including Recurring deposits.
ANNUAL RETURN OF ASSETS AND LIABILITIES : ITS PROFORMA
Click below to download the proforma of assets and liabilities to be submitted to DO in c/w Lokpal and Lokayukta Act, 2013.
DOWNLOAD PROFERMA
Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Third Amendment Rules, 2015
DOWNLOAD PROFERMA
Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Third Amendment Rules, 2015
Tuesday, 13 October 2015
Attention CBS POs of Puri Division; EOD EXECUTION PROCEDURE AND CLARIFICATION 12.10.2015 ONWARDS
EOD Procedure Changed From 12.10.2015
- SOLs should only run HISCOD menu ( new menu available for PO user - SU, SA, PM )
- HSCOD, HSOLCOP and HSCOLD to be executed by CPCs in circle sets
3. Without Complete Previous date DC Closure, we won't invoke HISCOD Menu. We have to wait until DC Closure.
4. Once HISCOD is Completed,
- we couldn't verify the date changes modifications in HSSI. Intimate to the SPOC then leave the office.
- we can open CIF, Account opening and Non financial transactions. But it will go to blocking validation on today's date. Hence we must intimate to CPC to clear d blocking validation
Friday, 9 October 2015
Thursday, 8 October 2015
WORLD POSTAL DAY ON 09 OCT 2015
WORLD POSTAL DAY ON 09 OCT 2015
POST OFFICE – KNOW OUR DEPARTMENT
World Postal Day happens each year on October 9, commemorating the date for the establishment of Universal Postal Union (UPU) in 1874 in Bern, Switzerland. The UPU was the start of global communication revolution, allowing people could write to others all over the world. October 9th was first declared World Postal Day at the 1969 UPU Congress in Tokyo, Japan. Since then, World Post Day has been celebrated all over the world to highlight the importance of the postal services.
India has been divided into 22 postal circles, each circle headed by a chief Postmaster General. Each circle is divided into regions, headed by a Postmaster General and comprising field units known as divisions (headed by SSPOs and SPOs). These divisions are further divided into sub divisions, headed by ASPs and IPOs. Other functional units (such as circle stamp depots, postal store depots and mail motor service) may exist in the circles and regions. In addition to the 22 circles, there is a base circle to provide postal services to the Armed Forces of India. The base circle is headed by a Director General, Army Postal Service (with a rank of Major General).
The highest Post Office in the world is Hikkim, Himachal Pradesh, India at a height of 15,500 ft (4700m) (postal code-172114).
The first adhesive postage stamp in Asia were issued in the Indian district of Scinde in July 1852 by Bartle Frere chief Commissioner of the region. Frere was an admirer of Rowland Hill, the English postal reformer who had introduced the Penny Post. The Scinde stamps became known as “Scinde Dawks”, ‘Dawk’ is the Anglicized spelling of the Hindustani word Dak or (‘post’). These stamps with a value of ½ anna, were in use until june 1866. The first all India stamps were issued on 01 October 1854.
By - Warrant Officer
Rakesh Swarnkar
Army Postal Service Corps
Thursday, 1 October 2015
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