DECLARATION OF ASSETS AND LIABLILITIES BY ALL THE PUBLIC SERVANTS.. NEW RRs TO BE FINALISED SOON.

On July 2014, the Central Governement has notified thePublic Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014.

Salient features of the said Notification are;

According this all the Central Governement employees irrespective of group A/B/C required to file Annual Return of Assets and Liablities as on 31st March of the year by 31st July of that year.

Provided that the public servants who have filed declarations, information and annual returns of property under the provisions of the rules applicable to such public servants shall file the revised declarations, information or as the case may be, annual returns as on the 1st day of August, 2014, to the competent authority on or before the 15th day of September, 2014. 

Minimum value of assets which competent authority may exempt from furnishing of information-The competent authority may, for reasons to be recorded in writing, exempt in accordance with the proviso to section 45, a public servant from filing the information in respect of any asset, if the value of such asset does not exceed four months basic pay of the public servant or rupees two lakhs, whichever is higher. 

The Return/Declaration consists of Appendix-I & II.

APPENDIX-I - Declaration form.

APPENDIX-II -  has four Forms;
FORM No. I  - Details of Public Servant, his/ her spouse and dependent children

FORM No. II - Statement of movable property on first appointment or as on the                           31st March, 20…

FORM NO. III -Statement of immovable property on first appointment or as on                             the 31st March, 20….(e.g. Lands, House, Shops, Other                                            Buildings, etc.)

FORM No. IV - Statement of Debts and Other Liabilities on first appointment                                or as on 31st March, 20…...

Accordingly one Pr CCIT, New Delhi has issued Memorandum on 14th August 2014 directing all the Group A/B/C members to file Revised declarations, information or as the case may be, annual returns as on the 1st day of August, 2014, to the competent authority on or before the 15th day of September, 2014. 

So friends, the similar Memo will be issued soon in all the regions by respective Pr.CCIT and get ready to file your own Return.

(PLESE CLICK HERE TO VIEW ALL THE APPENDICES AND FORMS ALONG WITH MEMO ISSUED BY PR. CCIT, NEW DELHI.)

New Recruitment Rules Soon....

It is learnt that the Chairman, who was on a a tour Visakhapatam on this Saterday, the new Recruitment Rules will be finalised soon, most likely in a month. Let us be optimistic. All is well.

N.B: There is a overwhelming response from the viewers for the previous posting. There expressed divergent views/news on the relavant issues. I request the viewers to be patient and be decent while expresseing their views. They should not post comments in un-parliamentary language or targetting any individual person other than the office bearers. For free and fair expression of the views of the viewers, any comment expressed, will not be blocked by default by the authors, as the Comments are not under Moderation. But the authors will remove later, the indecent comments posted by the viewers. Also a particular comment will be removed upon request of the members.