Government starts mega drive to link NREGS a/c with Aadhaar

National Rural Employment Guarantee Scheme (NREGS) 

The Government has begun a drive to bring every dynamic laborer of the National Rural Employment Guarantee Scheme (NREGS) under the Aadhaar structure to cut down duplication under the plan and avert spillage of assets.

The provincial advancement service, in an interview with the Bureau of money related administrations, will arrange camps in towns to look for the assent of the recipients for seeding their ledgers to their Aadhaar numbers.”Linking with Aadhaar will enable us to decrease spillages in the exchange of assets to the recipient’s record… The biometric confirmation guarantees that cash is contacting the perfect individual,” a senior authority told ET. Provincial advancement service has restricted in Indian Banks’ Association alongside 13 private part banks for the activity.

So far half of the 10.7 crore dynamic laborers under NREGS have connected their financial balances with the 12-digit Aadhaar personality. “While we had assembled Aadhaar data of more than 85% specialists, banks need to get the assent firsthand,” another senior country improvement service official said.

The camps, which started on July 25, will be held till September 10 the nation over.

The administration has issued the standard working strategy to banks and NREGS authorities for getting the accent shapes from the recipients amid the camp.

Evacuating BOGUS NREGS CARDS

In a noteworthy tidy up work out, the government is at the same time leading an activity to weed out sham and invalid employment cards under NREGS.

Almost 1.12 crore work cards have been erased after they were observed to be fake. Of these, more than 10 lakh laborers, not any more intrigued by enlisting for the NREGS, have surrendered their occupation cards to the administration.

Amid April-July period up until now, more than 93.5 crore individual days of work have been produced under the plan with 86% installments set aside a few minutes.

Deferral in installments is one of the significant reactions of the plan. This year, the provincial improvement service discharged Rs 23,443 crore — a large portion of the budgetary assignment under the plan — to states in April to guarantee there was sufficient stream of assets and to maintain a strategic distance from delays.

The rest of the sum is relied upon to be discharged to the states in September after the accommodation of a nitty gritty review report. The service has likewise been asked to upscale the National Electronic Fund Management System for guide subsidize exchanges to recipients’ records to all states.

Income Tax Scrutiny – Latest Developments

The CBDT on 23rd June 2017 has issued revised Income Tax Scrutiny notices.

REGULAR / SCRUTINY ASSESSMENT – SECTION 143 (2)

Income Tax

Where the Income tax return has been made under Section 139 or in response to notice under section 142(1), the assessing the officer shall if he considers it necessary to ensure that –

  • The assessee has not understated the income
  • Has not computed excessive loss
  • Has not underpaid the tax,

Serve a notice on the assessee under Section 143(2) requiring him to attend his office or produce any evidence on which assessee may rely on the support of the return.

Key Issues

  •  Notice under section 143(2) cannot be served if no return has been furnished by the assessee.
  •  If the notice under Section 143(2) is not served, an assessment cannot be made under section 143(3).
  • No notice under section 143(2) shall be served on the assessee after the expiry of 6 months from the end of the financial year in which return is furnished.
  •  Notice under section 142(1)(ii) & (iii) can be served even if no return has been furnished by the assessee.
  •  Amendment by Finance Act, 2016, allows prescribed Income Tax Authority to issue notice under Section 143(2).

Latest Developments

Latest revised Income Tax Scrutiny notices will allow assesses or taxpayers to conduct their business with the Department through E-Facility mode, without visiting the Income Tax Depart.

  •  Limited Scrutiny
  • Complete Scrutiny &
  • Compulsory manual scrutiny.

Each of the three, one-page notices, will bear the name of the assessing officer, their designation, telephone and fax number and their email id. An assessee can use their account on the official e-filing website http://incometaxindiaefiling.gov.in/ of the department or their personal email id to conduct their scrutiny assessment dealings with the AO. The new notices will also carry a five-point explanation about the new changes being made on Internet-based E-Proceedings. However, the Assessing Officer will have discretionary powers to call for additional documents and records and seek personal the appearance of the taxpayer, if required.

Common mistakes – Income Tax Filing

Common mistakes of Income Tax Filing

 

* Neglecting to give Aadhaar number

In case you are deferring your landing recording past 30th June 2017 and you are met all requirements to get an Aadhaar or starting at now have an Aadhaar distributed in your name, don’t miss to quote that in your Income Tax Return. From first July 2017, it is necessary to refer to the Aadhaar number or Enrolment ID in the evaluation frames by every single qualified resident. Fail to do thusly will discredit your landing and other related results may fall.

* Neglecting to File I-T Return

Do whatever it takes not to trust that your commitments end once all your evaluation demands are clear. If your wage outperforms Rs. 2.5 lakh for Financial Year 2016-17, you need to record an Income Tax Return. Remember that this compensation is registered before speaking to each one of the determinations.

* Recording Physical Return where e-Filing is required

The administration gives you the choice to either record your assessment form physically or does it on the web. Be that as it may if your assessable wage surpasses Rs. 5 lakh, it ends up plainly obligatory for you to re-record your expense form. Regardless, if you are a senior local, you can regardless report a physical return.

Income Tax Filing

* Not Studying Form 26AS

Your Form 26AS or Tax Credit Statement gives all of you the critical points of interest of charges you have paid. Keep in mind to check it before documenting your government form. It will help you in dispensing with any blunders in duty computations so you can record a precise return.

* Wrong Personal Details

Envision what will happen if your discount gets credited to someone else’s ledger or your discount check gets conveyed to the wrong address. Giving wrong individual points of interest in your ITR can make a few issues this way. Consequently, you should stay away from such senseless blunders and record painstakingly.

* Barring FD Interest from your Income

Intrigue pay from your spring record is excluded up to Rs. 10,000 however intrigue salary from your FD isn’t. Half information is a risky thing that winds up plainly clear when a few people bar FD enthusiasm from their assessable salary. Keep in mind that each and every rupee earned for this situation is chargeable to assess.

* Under-announcing your Income

Keep in mind that concealing your wage to dodge duty is wrongdoing. On the off chance that got, you can wind up paying a substantial punishment and even land in prison. These days, the force office is easily prepared to track your compensation through your PAN.  Each huge exchange is accounted for every year by organizations, banks and other money related substances to the legislature. In this way, you ought to uncover all your wage, clear your obligation commitment and record cost shapes on time. For example, if you have two house properties, you need to add rental pay to your wage-paying little respect to the likelihood that you don’t have any. You ought to uncover wage earned through Shares, Mutual Reserves, Property Capital Gains, et cetera. If you have traded occupations various conditions in a year, you ought to bring your compensation from each one of the organizations to light.

* Neglecting to Report Exempt Income

There are a few unique sorts of wages that are absolved from assessment. e.g. on the off chance that you have profit pay from stocks or premium pay from funds ledger, you can spare a decent measure of cash from the expense net by informing the charge division about it in your ITR.

* Utilizing Wrong ITR

I-T division has prescribed different ITR outlines for different sorts of residents. You need to pick your ITR carefully before reporting your costs or else the force office will expel it and demand that you record a reevaluated return.

* Not Verifying Tax Return

This is an exceptionally regular error set aside a few minutes to assess filers. Such individuals believe that their occupation is done once they have recorded their expenses. They disregard checking their entry and send key chronicles to the I-T division. In the event that you e-document your charges, you can either e-check your assessments from the I-T office’s e-recording entry or complete physical confirmation by sending a printed and marked a duplicate of ITR-V to CPC-Bengaluru.

* Not Revising Your Return

On the off chance that you have committed an error in announcing your pay and investment funds amid the year, you can even now amend the arrival by recording a changed return. Till past Financial Year, the legislature permitted charge filers to reexamine return within two years from the finish of the Financial Year for which the arrival was recorded. In any case, from this Financial Year or F.Y. 2017-18, you will get just a single year to reconsider your arrival from the finish of important F.Y. In this way, in the event that you discover any slip-ups from your end in your documented return then you ought not to sit tight for a notice from expense office before making any move. Rather, you ought to instantly document a reconsidered one.