WHAT IS YOUR CONTRIBUTION FOR GETTING O.R.O.P.?

IMPORTANT NEWS: ALL SEP, NAIK, HAV WHO HAVE PAID INCOME TAX CAN GET REFUND BY REFILING INCOME TAX RETURN WITH FORM 10E. PLEASE CONTACT EXWEL TRUST PHONE NO.04622575380, 9894152959 PLEASE VISIT OUR WEBSITE: www.exweltrust.in exweltrust.in

UNITY IS OUR STRENGTH

DEAR VETERANS
OUR UNITY IS VERY IMPORTANT
PLEASE HELP THE POOR JAWANS

THEY ARE MORE IN NUMBER

BRING THEM UNDER YOUR COMMAND
BY LOVE & COMPASSION
THEN YOU SEE HOW
THINGS MOVE WITH THE GOVT


PLEASE THINK IT OVER

ALL SEP, NK, HAV WHO HAVE PAID INCOME TAX CAN GET REFUND BY REFILING WITH FORM 10E CONTACT EXWEL TRUST FOR HELP AND GUIDANCE

SOME IMPROVEMENT IN PENSION FOR LOWER RANKS />
ARREARS FROM 01.07.2014.has been paid />
Minimum pension for Sep.Y15 yrs. Rs.17130 />< /> KNOW THE RATES OF DISABILITY PENSIONS

W.E.F.01.07.2014

(FOR PRE 01.01.06)(100%)
READ CDA CIRCULAR 555
Table No.76(FOR 100%)
READ CIRCULAR 555
OTHER RANKS (FOR 100%)
READ CIRCULAR 555

WAR INJURY PENSION
FOR ALL RANKS (100%)
READ CDA CIRCULAR 555

DISABILITY PENSION &
WAR INJURY PENSION
TO BE PAID WITH D.A.

CONSTANT ATTENDANCE ALLOWANCE
FOR ALL RANKS (FOR 100%)
Rs.4500/-W.E.F. 01.07.2014

MINIMUM SPECIAL FAMILY PENSION
Rs.7000/- W.E.F.01.07.2014 for 6 months service

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IT IS BETTER TO KNOW

YOUR PENSION ENTITLEMENTS THAN

YOUR LIQUOR QUOTA

HELP ALL TO GET
CORRECT PENSION FROM BANKS

REMEMBER, THAT OUR DEMAND OF

ONE RANK ONE PENSION

ACCEPTED BY GOVT.Circular issued

But Our demands are not fully accepted

OUR FIGHT CONTINUES

JOIN THE MISSION TO WIN

THERE IS NO GAIN WITHOUT PAIN

LET US FIGHT FOR JUSTICE
OROP MEANS
EQUAL PENSION
FOR EQUAL RANK
GROUP,AND SERVICE
IRRESPECTIVE OF DATE
OF RETIREMENT
WHETHER POST 01.01.2006
OR PRE 01.01.2006

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VISIT www.exweltrust.in

for calculating your OROP arrears

DUAL FAMILY PENSION AGREED BY TN GOVT


"நல்ல நிர்வாகத்தால் வழங்கப்படும்

நீதி தான் உயர்ந்தது.

நீதி மன்றங்களினால் பெறப்படும் நீதிகள்

நிர்வாகத்துக்கு பெரும் அவமானம்

என்பதை நிர்வாகம்

(Ministry of Defence)

நன்கு உணர வேண்டும்."

DE LINKING ORDER ISSUED ON 30SEP16

ARREARS FOR CIR.547,548 & 560 TO BE

PAID TO ALL ELIGIBLE PENSIONERS BY BANKS

தமிழக அரசு இரண்டு குடும்ப பென்சன்

வழங்க அனுமதி அளித்துவிட்டது. செய்தி.

முன்னாள் படை வீரர் குடும்பங்களின்

நலன் காப்பது ராணுவ அமைச்சகத்தின்

தலையாய கடமையாகும்

GOVT. OF TAMIL NADU SANCTIONED

SECOND FAMILY PENSION IS A GOOD NEWS.

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Disclaimer

The postings in this Blog are only the personal opinion and do not necessarily reflect the views of the “indianexserviceman” blog team. These are expressed in good faith for the general welfare of the veterans of the Indian Armed Forces. The contents of this blog are neither for business nor for any commercial gains. Neither the “indianexserviceman” blog team nor the individual authors of any material on this blog accept responsibility for any loss or damage however caused (including through negligence), which you may directly or indirectly suffer arising out of your use or reliance on information contained on or accessed through this blog. All views and opinions presented are solely those of the surfer and do not necessarily represent those of “indianexserviceman” blog team. This is not an official blog site. This blog is run by a team of Air Warriors of the IAF (Veterans). It is not affiliated to or officially recognized by the MOD or AHQ or Air HQ or Govt/State or any other organization.

"நாட்டுக்காக உயிர் நீத்தவர்களை நினைக்காதநாடு இனி யாரும் அதற்காக உயிர் விடும் தகுதியை இழந்துவிடும்."

PENSION GUIDE BOOK IN HINDI AVAILABLE FREE DOWNLOAD. CLICK HERE.

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MESSAGE FOR READERS

"வருமான வரி பிடித்தற்குள்ளான குறைந்த பென்சன் பெரும் ராணுவ பென்சனர்கள் அதை திரும்ப பெற எக்ஸ் வெல் அறக்கட்டளை அலுவலகத்தை அணுகவும். முகவரி "எக்ஸ்வெல் டிரஸ்ட் " 3D புனித மார்க் தெரு,ஜான்ஸ் ஹய் ஸ்கூல் ரோடு சமாதானபுரம், திருநெல்வேலி 627002. போன்:9894152959. 04622575380 வரும்போது உங்கள் பான் கார்டு ஆதார் கார்டு மற்றும் Form 16 என்ற படிவத்தையும் வங்கியில் இருந்து வாங்கி வரவும். மார்ச் 2018 வரை வருமான வரி மறு தாக்கல் செய்யலாம். ONLY EXWEL TRUST IS DOING THIS SERVICE. DO NOT MISS IT. CONTACT IMMEDIATELY. www.exweltrust.in என்ற இணைய தளத்தை பார்க்கவும்

Sunday, August 6, 2017

FILING OF INCOME TAX RETURN AFTER THE DUE DATE I.E. AFTER 05.08.2017


FILING OF INCOME TAX RETURN AFTER THE DUE DATE I.E. AFTER 05.08.2017

Now that the last date for filing IT return is over. (i.e. 05.08.2017).  Even now it is not late to file your return, if you have not done so,   even you can re-file your return with good reason.

This article is published for the benefit of those who missed to file knowingly or unknowingly.  It is better to know the consequences for not filing tax return and the conditions for filing revised return.

If you are affected, please read this article carefully, and contact Exwel Trust if you want any help in this regard.

NOT FILING RETURN WITHIN THE TIME ALLOWED:

When an individual has not filed the return within the time allowed u/s 139(1), he can file Belated  Return u/s 139(4).

A belated return can be filed before the end of relevant Assessment year.  The present case it is 31.3.2018.

CONSEQUENCES FOR NOT FILING WITHIN DUE DATE U/S 139(1)

(a)   Interest under Sec.234A shall be charged at 1% per month or part there of on the tax payable on self assessment.
(b)  The benefit of carry forward of losses will be lost.
(c)   The right to revise the return of income u/s 139(5) will be lost.

CONSEQUENCES WHEN THE RETURN IS NOT FILED

(a)   When the Assessee is required to file return u/s 139, and the same is not filed before the end of the relevant AY he is liable to pay a penalty of Rs.5000 u/s 271F.
(b)  Best judgement assessment can be made u/s 144.
(c)   Prosecution u/s 276 CC is also attracted in some cases.

CONDITIONS FOR FILING REVISED RETURN U/S 139(5)

(a)   The original return should have been filed within the due date u/s 134(1) or within time limit specified u/s 139(4).
(b)  There should be an omission or wrong statement in the original return filed.

The revised return shall be filed before the expiry of one year from the end of the relevant AY.

REFILING OF IT RETURN SPECIFIC TO DEFENCE PENSIONERS FOR THE AY 2017-18

This is the first time that almost 90% of the defence pensioners have been taxed due to the payment of delinking arrears, OROP arrears and 7 CPC arrears.

1.     For example a ‘Y” group Naik with 17 years service was paid a total pension (including all arrears) of Rs.3,93,570 and paid a tax of Rs.14,324 as per F.16 instead of Rs.9638 as tax.  After filing IT return with 10E, he got a refund of Rs,9630/-.  If he has not filed IT return with 10E (Relief u/s 89(1) he would not have got any refund.
2.     Same way another ‘Y’ group Naik with 16 years service was paid a total pension of Rs.3,81,980 (as per F.16) and deducted a tax of Rs.26396 wrongly.  (The correct tax amount should have been only Rs.8444)  Both the cases from the same bank. (SBI Sankarankoil)  After filing IT return with 10E he got a refund of Rs.26,400/-.

Read these two examples from a same bank.  For an income of Rs.3,93570, they have charged Rs.14324 as tax instead of Rs.9638, whereas for Rs.3,81,980, the same bank had charged Rs.26,396 as tax instead of Rs.8444 as tax.  (Rs.17,952 excess tax recovered)

These examples show that all these low paid pensioners have been taxed because of the arrears payment and if a proper IT return is filed with 10E, they all will get refund of the tax paid.

Many defence pensioners, have not been guided properly therefore they have paid tax, instead of getting refund.  Many have not filed return at all.  This article is to remind them that they can pay even now.

It shows that the banks deduct excess tax and boldly show on their own F16 and never bother to correct it later.  The innocent pensioners are sufferers.  Nobody is pointing out this mistake and question the bank for issuing such an erroneous Form 16.  We have come across many similar cases.

The only remedy is to file IT return and get refund.  Those who have filed return within the due date without 10E can refile their return with 10E now and get relief u/s 89(1) and get refund.  You can refile upto 31.3.2018.  Please read the conditions for refilling and act accordingly.

Please read the consequences for not filing return and not filing even before the end of relevant AY.  Please read the conditions for filing revised return u/s 139(5) also.

READERS MAY CONTACT EXWEL TRUST FOR ANY HELP IN THIS REGARD

EXWEL TRUST
3D, ST. MARK STREET,
JOHNS HIGH SCHOOL ROAD,
SAMATHANAPURAM,
TIRUNELVELI 627002.

PHONE:0462-2575380.

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