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Tuesday, July 31, 2012

Expected DA from July 2012 : AICPIN for the month of June 2012

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Expected DA from July 2012 : AICPIN for the month of June 2012

All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of June 2012

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).

During June, 2012, the index recorded maximum increase of 8 points each in Mercara and Godavarikhani centres, 7 points in Puducherry centre, 5 points in Madurai, Howrah, Chennai, Lucknow and Warrangal centres, 4 points in 7 centres, 3 points in 13 centres, 2 points in 11 centres, 1 point in 18 centres. The index decreased by 2 points each in Ludhiana and Mysore centres and 1 point in 5 centres, while in the remaining 14 centres the index remained stationary.

Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts

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CBDT Relaxes Compulsory E-Filing of Return of Income for Assessment Year 2012-13 - for Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts 

Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, during the previous year, exceeds ten lakh rupees, shall furnish the return electronically for the assessment year 2012-13 and subsequent assessment years. 

It has been brought to the notice of the Board that the agents of non-residents, within the meaning of section 160(1) (i) of the Income –tax Act, are facing difficulties in electronically furnishing the returns of non-residents. This is because there may be more than one agent of the non-resident in India for different transactions or a person in India may be an agent of more than one non-resident. Such situations are not covered by the existing e-filing software which functions on the principle of one assessee-one PAN-one return. 

Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012

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Press Information Bureau 
Government of India
Ministry of Finance 

31-July-2012 17:17 IST

Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012

On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012.

Income Tax Due Date extended for filing returns to 31.8.2012

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Income Tax Due Date extended for filing returns to 31.8.2012

Extends the due date of filing of returns of income for the assessment year 2012-13 to 31.8.2012

Finance Ministry has decided to extend the due date for filing the returns of income for the assessment year 2012-13 to 31st August 2012. A notification has been issued by the department of revenue today on its website regarding the above subject that "Order under sectino 119 of the Income Tax Act, 1961,

India Post Announces Special Discount of 6.5% on Gold Coins for Raksha Bandhan

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Ministry of Communications & Information Technology

India Post Announces Special Discount of 6.5% on Gold Coins for Raksha Bandhan

For this Raksha Bandhan, India Post has announced a special discount of 6.5% on purchase of Gold coins.
On 1st August 2012 any customer who buys gold from identified Post Offices in Delhi will get a special 6.5% discount of the day’s retail price on all denominations.This offer is available in all 31 Post Offices of Delhi indentified for the sale of Gold Coins.

Report on Second Annual Employment & Unemployment Survey 2011-12

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PRESS NOTE
SECOND ANNUAL EMPLOYMENT & UNEMPLOYMENT SURVEY
(201 1-12)

LABOUR BUREAU
MINISTRY OF LABOUR & EMPLOYMENT
GOVERNMENT OF INDIA
CHANDIGARH

F.NO. 30/2/20 1 1-SESDSL (EUS)
Labour Bureau
Ministry of Labour & Employment
Government of India

SCO 28-31, Sector 17-A,
Chandigarh- 160017
Dated the 9th July, 2012

PRESS NOTE
Report on Second Annual Employment & Unemployment Survey 2011-12

Labour Bureau, an attached office of the Ministry of Labour & Employment has released the results of the second annual employment & unemployment survey conducted in the country for the period 2011-2012. The survey has been conducted in all the States/UTs by covering all the districts. The main findings of the survey are as follows:


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