Itr Filing: Income Tax Department Has A Message For Taxpayers

March 27, 2018 in News

Itr Filing: Income Tax Department Has A Message For Taxpayers

The Income Tax (I-T) Department today said it “trusted” the taxpayers and asked them to file their returns without “fear” by March 31, the deadline for all companies and those who deposited “large amounts of cash” post demonetisation. The department and the CBDT (its policy-making body), in a public advertisement, said “We trust you.” “So why fear? File your income tax return now,” it said. The tax department buttressed its statement by saying that it selects “less than one per cent returns for scrutiny or investigation” and that the system to select these cases is totally computer-based and devoid of any human interface.

The advertisement said it was the final call for taxpayers who have to file belated or revised ITRs for assessment years 2016-17 and 2017-18.
“If you have deposited large amounts of cash in your bank account/made high value transactions, please consider the same while filling your ITRs. “Non-filing or incorrect filing of return of income may result in penalty and prosecution,” the public advisory said. The government had declared the demonetisation of the existing Rs 1,000 and Rs 500 currency notes on November 8, 2016.

The advertisement also cautioned eligible trusts, political parties and associations to file their income tax returns by the final deadline. Individuals and Hindu Undivided Families having income of over Rs 2.5 lakh and senior citizens with income of over Rs 3 lakh (60-80 years of age) and Rs 5 lakh (over 80 years of age), too, need to file their returns for the mentioned assessment years by March 31, it said. It urged the taxpayers to file their returns “easily and securely” over the official e-filing web portal of the department.

Source by:- financialexpress

March 27, 2018 in News

e-Verification Of Income Tax Return: 6 Ways To Do It

With the income tax filing deadline getting extended to August 5, most of the tax payers must have done their return filing. However, income tax return filed by a taxpayer is not treated as valid until it is verified by the taxpayer. Earlier taxpayers used to verify the return using digital signature or by sending the signed ITR-V form to the Centralized Processing Centre, Bengaluru, of the Income Tax Department. But now the Income tax department has introduced e-verification of returns as an alternative for ITR-V. Taxpayers who are not mandated to use the digitally signed certificate are eligible for e-verification, the tax department said. (Once a return is e-filed, the income tax department sends the ITR-V to the registered e-mail id.)

Taxpayers can e-verify the return at the time of uploading the ITR form. In case the tax payer has already uploaded the return, he can still e-verify the same through “e-File >e-Verify Return” option after login. There are six methods available to e-verify the return.

1) Through Electronic Verification Code (EVC) received on registered mobile number and e-mail.(EVC is a 10-digit alphanumeric code which can be generated through e-Filing portal and is valid for 72 hours).
2) Through Aadhaar OTP
3) By login to e-Filing through net banking
4) EVC – Through Bank Account Number
5) EVC – Through Demat Account Number
6) EVC – Through Bank ATM

How to e-verify your ITR

Taxpayers are provided with four options to e-verify their ITR. Go to “e-File ->e-Verify Return” on the e-filing website. You will find the following four options.

Option 1: “I already have an EVC to e-Verify my return.”
Under this option, you need to enter the pre-generated EVC in the provided text box and click “submit” to e-verify. After you do that, success message will be displayed, which means tax filing is complete.

Option 2: “I do not have an EVC and I would like to generate EVC to e-Verify my return.”
If the taxpayer’s income is less than 5 lakhs and if, refund/demand is less than or equal Rs. 100 and e-mail id and mobile number registered is unique in e-filing profile, then the four options will be shown to the taxpayer to generate the EVC.

You have to select the appropriate option to generate the EVC. The income tax department has issued a user manual to facilitate e-verification of ITR. For more details on the above four steps of e-verification you can see the manual.

Option3: “I would like to generate Aadhaar OTP to e-Verify my return”
To generate Aadhaar OTP, Taxpayer’s PAN and Aadhaar must be linked. An OTP is generated and sent to the mobile number registered with Aadhaar. Enter the OTP and click “submit” after which success page will be displayer.

Option 4: “I would like to send ITR-V/ I would like to e-Verify later’
If the taxpayer is not able to e-Verify the return at the time of uploading the ITR because of any reason then tax payer can choose Option 4. Download the ITR-V, sign it manually and send it to CPC through post within the time limit of 120 days from date of upload for your return to be treated as a valid return.

Source by ndtv…

March 27, 2018 in News

UIDAI calls report on new Aadhaar database leak ‘false, baseless’

New Delhi: The Unique Identification Authority of India (UIDAI) on Saturday refuted reports about a fresh data leak of Aadhaar holders, and asserted that there has been “absolutely no breach” of its database.

The statement comes after ZDNet, a technology news portal cited a security researcher’s claim to state that a system of state-owned utility firm was allegedly leaking information on Aadhaar holders.

In a statement issued in New Delhi, UIDAI, the Aadhaar-issuing body, said, “There is no truth in this story as there has been absolutely no breach of UIDAIs Aadhaar database. Aadhaar remains safe and secure”.

It termed the data breach claims as “totally baseless, false and irresponsible”.

“UIDAI today has refuted reports in a certain section of media sourced from the news website ZDNet which has quoted a person purportedly claiming to be a security researcher that a state-owned utility company has vulnerability which can be used to access a huge amount of Aadhaar data including banking details,” UIDAI said in its statement.

The UIDAI has argued that even if the report claims were taken to be true, the security related concerns should be around the database of utility company in question. It has “nothing to do with security of UIDAIs Aadhaar database”, it said.

Going by the logic of the report, since the utility company’s database also had bank account numbers of its customers, would bank databases also be considered to have been breached, UIDAI questioned.

“The answer would obviously be in negative,” it added.

UIDAI argued that mere availability of Aadhaar number with a third person “will not be a security threat to the Aadhaar holder” nor will it lead to financial or other fraud. This is because a transaction is contingent upon a successful authentication through fingerprint, Iris or OTP of the Aadhaar holder, UIDAI said.

The ZDNet report had claimed that “a data leak on a system run by a state-owned utility company can allow anyone to download private information on all Aadhaar holders, exposing their names, their unique 12-digit identity numbers, and information about services they are connected to, such as their bank details and other private information.”

The report of the alleged security lapse comes at a time when a Constitutional bench of the Supreme Court is hearing a clutch of petitions challenging the Aadhaar Act and the use of biometric identifier in various government and non-government services.

Earlier this week, UIDAI CEO Ajay Bhushan Pandey had made a powerpoint presentation in the Supreme Court to defend the government’s ambitious Aadhaar scheme. He had said that breaking Aadhaar encryption may take “more than the age of the universe for the fastest computer on earth.”

March 21, 2018 in News

Police Recruitment 2018 (3000+ Job Vacancies Opening)

Indian National Candidates, who searching and seeking for Police Recruitment Vacancies, Find to get complete list of Latest Police Jobs 2018-19 here. IndGovtJobs Blog listing all Agencies Current Police Government Jobs on this Post. Indian Law Enforcement by numerous law enforcement agencies like State Govt and Central Govt Agencies.

Indian Central Govt Agencies are controlled by the central Government of India, under the Ministry of Home Affairs. State & Union Territory Agencies are controlled by each State and Union, under controlled by the Chief Minister and Home Minister.

Latest Police Jobs 2018 – Upcoming Police Recruitment 2018-19 List: (Last Updated on 14th March 2018)

Central Agencies List:

Central Armed Police Forces (CAPF) -> Border Security Force (BSF), Central Industrial Security Force (CISF), Central Reserve Police Force (CRPF),  Indo-Tibetan Border Police (ITBP), National Security Guards (NSG), Railway Protection Force (RPF), Special Protection Group (SPG) and Sashastra Seema Bal (SSB).

Central Investigation and Intelligence Institutions -> Central Bureau of Investigations (CBI), Directorate of Revenue Intelligence, Indian Income-tax Department, National Investigation Agency (NIA), Narcotics Control Bureau (NCB), Bureau of Police Research & Development (BPR&D) and National Crime Records Bureau (NCRB).

State Police Agencies List: District, Division wise Police Department, Criminal Investigation Department (CB-CID), Metropolitan police, Traffic Police, State Armed Police Forces

State Police Ranks -> Deputy Inspector General of Police (DIG), Superintendent of Police (SP), Assistant Commissioner of Police (ASI) or Deputy Superintendent of Police (DSP), Inspector, Sub-Inspector (SI) and Constable.

Source by indgovtjobs

March 21, 2018 in News

10th 12th Pass Jobs 2018 (91543 Govt Vacancies Opening)

10th 12th Pass Jobs 2018 (91543 Govt Vacancies Opening)

Indian National candidates / Students, who have holding 8th, 10th (SSLC), SSC, and 12th Class Qualification to get Latest / Upcoming Government Jobs recruitment notification in this page. 10th 12th Pass candidates called for various Government Vacant  posts in Govt Sectors such as Indian Army, Indian Navy, Railway, UPSC, Banking, Police Departments, Govt Ministry departments, Govt Universities and Govt public sector units in 2018-19.

Minimum Educational Qualifications: 8th Pass, Matriculation, 10th Pass (SSC / SSLC or equivalent), 12th Pass (HSC, 10+2, Intermediate or equivalent) courses studied under State Board or Government approved Organizations or Institutions.

10th & 12th Qualifying Govt Jobs Posts: Assistants, Clerk (LDC), Attendant, Driver, Constable, Village Administrative Officer (VAO), Stenographer, Data Entry Operator, Junior Assistants, Peon etc.

Latest 10th Pass Govt Jobs 2018 and 12th Pass Government Jobs List 2018-19 – Last Updated on 16th March 2018

Source by:-indgovtjobs

March 20, 2018 in News

How To Get Driving Licence, Vehicle Registration Certificates Online Via DigiLocker

How To Get Driving Licence, Vehicle Registration Certificates Online Via DigiLocker

DigiLocker, a government platform for online issuance and verification of documents, has partnered with the ‘Ministry of Road Transport and Highways for making digital Driving License (DL) and vehicle registration certificates (RC) available to Indian citizens, according to the official website of DigiLocker- digilocker.gov.in. Under this partnership, DigiLocker is now directly integrated with the National Register, which is the national database of driving license and vehicle registration data across the country, said DigiLocker. DigiLocker users can now easily access their digital RC and DL both on desktop computers and on mobile devices.

Benefits of keeping digital Driving License (DL) and registration certificates:

1. According to DigiLocker, digital driving license (DL) and vehicle registration will minimize the use of physical documents.

2. Citizens can share the authentic digital certificates directly from the data source with other departments as identity and address proof resulting in reduction of administrative overhead, said DigiLocker.

3. The digital registration certificate and DL in a DigiLocker account can be spot verified for authenticity either by scanning the QR code on digital documents or by using the QR scan facility on DigiLocker mobile app, noted DigiLocker.

Steps for getting digital Driving License (DL) and registration certificate (RC) via DigiLocker:

1. Users should first link their Aadhaar card number with DigiLocker account

2. Once this is done, click on ‘Pull Partner Documents’ section

3. Select the issuer and document type and enter the document details asked for

4. Documents will be fetched from database

5. Save a permanent link (URL) to this digital document in the ‘Issued Documents’ section for later use

Source by:-ndtv

March 17, 2018 in News

How To Get Vehicle Registration Certificates Online Through DigiLocker?

How To Get Vehicle Registration Certificates Online Through DigiLocker?

The evolution of internet has made a tremendous change in the lifestyle of the people on the planet earth. Human beings are depending so much on it, that it is difficult to survive without internet even for one hour. The usage of internet has its share of pros and cons. If used for the betterment of the lives, it can bring the smile on scores of people. One such thing is DigiLocker.

What is DigiLocker?

DigiLocker is a “digital locker” service operated by the Government of India which enables the Indian citizens to store certain official documents in the cloud. The service is aimed to reduce the need to carry physical documents.

It is a part of the Government’s Digital India Initiative.

Which documents can be stored in DigiLocker?

Documents such as educational certificates, PAN Card, driving license, vehicle ownership documents, identification card issued by government agencies like Aadhaar Card and so on can be stored in DigiLocker.

What is the Storage Space in DigiLocker?

1 GB of storage Space is offered to the users to store documents in DigiLocker.

What are the requirements to use DigiLocker?

The users need to possess an Aadhaar Card to use the DigiLocker facility.

To sign-up for the DigiLocker, the user should first enter the Aadhaar Card number. After entering the Aadhaar Card number, the one-time password will be sent to the Aadhaar linked mobile number, which has to be entered to sign-up.

For further log-ins, the user can set their password which links the account to Facebook or Google logins.

Who are the Stakeholders of DigiLocker?

There are three stakeholders for DigiLocker Platform. They are Citizens, Issuers, and Requesters.

Ministry of Road Transport and Highways Partners with DigiLocker

The Ministry of Road Transport and Highways has partnered with DigiLocker to make digital Vehicle Registration Certificates (RC) available to Indian citizens, according to the official website of DigiLocker – https://digilocker.gov.in/

Under the partnership, DigiLocker will now directly integrate with the National Register, which is the national database of driving license and vehicle registration data across the country, said DigiLocker. The users of DigiLocker can now easily access the digital form of RC both on their mobile devices and on computers.

Benefits of Digital Vehicle Registration Certificates

• As per the DigiLocker, the digital vehicle registration certificates will minimize the use of physical documents.
• The citizens can share the authentic digital certificates directly from the data source.
• The digital certificates can be shared with other departments as a proof of address and proof of identity thereby reducing the administrative work.
• The digital registration certificate can be spot verified for authenticity either by scanning the QR code on digital documents or by using the QR scan facility on DigiLocker mobile application.

Steps for Securing Digital Vehicle Registration Certification Through DigiLocker

• Users should first link their Aadhaar Card number with DigiLocker account.
• Once it is done, they have to click on the Pull Partner Documents section.
• Then select the issuer and the type of document and enter the document related details.
• The document will be fetched from the database.
• Now save a permanent link (URL) to this digital document under the “Issued Documents” section for later use.

Source by goodreturns..

March 17, 2018 in News

SBI minimum balance for savings account rule changed: Know about new charges from April 1

SBI minimum balance for savings account rule changed: Know about new charges from April 1

The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. India’s largest bank has specified different monthly average balances (MAB) for accounts and if the holder fails to maintain this balance, he is charged depending on the degree of shortfall. The decision was taken by the bank in view of the feedback from various stakeholders.

According to the last notification by the bank, the SBI customers holding savings bank accounts with the bank’s metro and urban branches were required to maintain a monthly balance of Rs 3000 from October 1. The customers in semi-urban SBI branches were required to maintain Rs 2000 monthly balance and the rural branch customers had to maintain Rs 1000 balance.

Now, the AMB for customers in Metro and Urban centres have been reduced from a maximum of Rs. 50/- p.m plus GST to Rs. 15/- p.m. plus GST. Similarly, for Semi-Urban and Rural centres the charges have been reduced from Rs. 40/- p.m plus GST to Rs. 12/- and Rs. 10/- p.m. plus GST respectively.

Here are the new rates by SBI:

“We have reduced these charges taking into account the feedbacks and sentiments of our customers. Bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customer expectations. Bank also offers its customers to shift from regular savings bank account to BSBD account on which no charges are levied,” PK Gupta, MD – Retail & Digital Banking, SBI said, about the reduction of charges.

Currently, there are 41 crores Savings Bank accounts in SBI out of which 16 crore accounts under PMJDY / BSBD and of pensioner/minors/social security benefit holders were already exempted. Apart from this, the accounts of students upto 21 years of age are also exempted.

SBI believes that the decision to cut charges for non-maintenance of minimum balance will benefit as many as 25 crore customers.

The bank added that if the customer wants to avail basic savings bank facilities without being subject to maintenance of AMB, they can convert the regular savings bank account to Basic Savings Bank Account (BSBD account), free of charge.

Source by financialexpress…

March 16, 2018 in News

Do not pick tax-planning options blindly, focus on goal, objective

Tax planning provides not only the opportunity to review the activities of the past year, it also generates an invaluable opportunity to leverage tax planning techniques. Good tax planning and tax-efficient investing should be integral components of any wealth creation and preservation strategy.

There are various options for tax planning, ranging from PPF, NSC, insurance policies, pension funds, infrastructure bonds, equity-linked savings schemes (ELSS) and unit-linked insurance plans (ULIPS), but tax planning through equity investment related to saving instruments not only reduces tax liability but also ends up saving towards the various goals one has set for different life stages.

One can invest through equity mutual funds. Also it could be seen that due to lower interest rates in PPF and NSC, taxpayers are getting attracted toward equity-linked tax-saving schemes, as they not only give tax concessions, but also help generate good returns.

This is evident from the data as given by Association of Mutual Funds of India that equity and equity-linked saving schemes (ELSS) attracted an impressive inflow of around Rs 1.33 lakh crore in CY 2017, much higher than the Rs 51,000 crore inflow seen in CY 2016.

When contemplating an investment, the investment choice should be guided by two things: investment horizon and risk appetite. Equity always gives non-linear return and, therefore, you should have the patience to take the fruits.

Equity returns have been spectacular over the past few years. Though currently the market has been seeing some correction, it is poised to move northward on the back of strong economic growth.

Investing for the long term will help get more returns and also the risk of equity investment is likely to go down with investment for the long term.

Investors looking to enter the market now wonder if it is expensive and if there is further correction around the corner. But honesty, no one can time the market. Instead of trying to time the market, the best strategy would be to invest through the SIP route with a clear long-term investment horizon. SIP can help taxpayers average out the cost of purchase and maximise returns over a long period.

To conclude, days have changed. Taxpayers are diverting from traditional ways to modern ways of tax planning. While investing in equity-related instruments, taxpayers can have a combination of stable returns, tax efficiency and rupee-cost averaging.

Source by economictimes.indiatimes…

March 16, 2018 in News

Aadhaar Not Necessary For Bank Accounts, Phones For Now: Supreme Court

Aadhaar Not Necessary For Bank Accounts, Phones For Now: Supreme Court

NEW DELHI:The Supreme Court has ruled that for now, citizens do not have to link their Aadhaar numbers to a range of services including bank accounts, mobile phones and passport. The top court said that a biometric ID is mandatory for accessing social welfare schemes and subsidies, but till it decides on whether the government’s demand for Aadhaar to be linked to private and public services is a violation of the right to privacy, the 12-digit unique number given to each citizen does not have to be linked to other services.

India launched Aadhaar, now the world’s biggest biometric database, in 2009 to streamline welfare payments and reduce wastage in public spending.

Since then, the government of Prime Minister Narendra Modi has been keen to mandate the use of Aadhaar for everything from filing income tax to the registration of mobile phone numbers and booking railway tickets. Aadhaar is now mandatory for welfare, pension and employment schemes. In January, Aadhaar was made mandatory not only for the renewal of passport, but also for new passports issued within three days under the tatkaal category – an order that has been challenged by lawyer Vrinda Grover.

The top court’s stand on Tuesday means that a deadline of March 31 that was earlier declared for bank accounts and mobile phones to be linked to Aadhaar, has now been extended till it decides on whether the Aadhaar Act is illegal.

A group of petitioners have asked the Supreme Court to declare the government’s insistence on Aadhaar disclosure as a violation of the right to privacy.

On March 7, a five-judge constitution bench led by Chief Justice of India Dipak Misra said it may not be possible to take a call on the petitions by March 31. It is unlikely that an order will be delivered before the top court goes on vacation in May, lawyers say.

Campaigners and technology experts have raised concern about the privacy and safety of data, the susceptibility of biometrics to failure, and the misuse of data for profiling or increased surveillance.

A group of petitioners have asked the Supreme Court to declare the government’s insistence on Aadhaar disclosure as a violation of the right to privacy. In August 2017, the Supreme Court ruled that privacy is a fundamental right, but made it clear that the decision on the constitutional validity of Aadhaar would be taken separately.

The government says the Supreme Court, in that verdict, accepted that privacy is a fundamental right, but subject to reasonable restrictions.

Critics are worried about repeated data breaches and say the ID card links enough data to create a full profile of a person’s spending habits, their friends, property they own and a trove of other information.

Source by:-ndtv