Govt. to raise income tax exemption limit to Rs 3 lakh in revised DTC.

   The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance, which among things had suggested raising annual income tax exemption limit to Rs 3 lakh.

   “Will come out with modified DTC (Bill) in response to Standing Committee suggestions,” said Advisor to the Finance Minister Parthasarathi Shome at a FICCI event here.

   He said the Finance Ministry is looking at the Bill and working on tax structures as suggested by the Parliamentary committee.

   The Parliamentary panel headed by senior BJP leader Yashwant Sinha in its report (March 2012) had suggested raising the annual income exemption tax limit to Rs 3 lakh as against Rs 2 lakh proposed in the original DTC Bill. Current tax exemption limit is Rs 1.8 lakh.

   It has also suggested that subsequent tax slabs be adjusted accordingly to provide relief to people reeling under the impact of inflation. The DTC will eventually replace the over five decades old Income Tax Act.

   “We are trying to see what could be the best in terms of transparency so that issues that are hurting industry could be covered adequately,” Shome said.

   He further said the Finance Ministry is also addressing the issue of expenditure control and that remains a major challenge.

   “We are looking into expenditure efficiency. We should do more in terms of efficiency. Issues on expenditure side is being addressed. Expenditure control is a major challenge and is being addressed by the Finance Minister,” he said.

   The DTC Bill, tabled in August 2010, was referred to the Standing Committee for scrutiny.

   Shome also said there has been some improvement on the government’s non-plan expenditure side since the time of financial crisis in 2008.

   Finance Minister P. Chidambaram had in November 2012 announced a fiscal consolidation road map wherein he plans to restrict fiscal deficit at 5.3 per cent of GDP in the current fiscal and bring it down to 3 per cent by 2016-17.

   Shome further said that the government is showing its intention to bring in clarity in tax laws and reforms in tax administration.

   “We have to increasingly do so (tax reforms). That is going to be a vehicle and we won’t put it on back burner,” Shome said.

   He also said the Ministry has asked National Institute of Public Finance and Policy (NIPFP) to calculate the impact of the proposed Goods and Services Tax (GST) on the GDP.

Suspension of Booking of holiday home at Mysore for two more months (from 01.01.2013 to 28.02.2013) regarding.

NOTICE/MOST IMMDIATE

No. D-11016/16/87-Regions
Government of India
Ministry of Urban Development
Directorate of Estates

Nirman Bhawan, New Delhi
Dated 30.01.2013

Office Memorandum

Subject: Suspension of Booking of holiday home at Mysore for two more months (from 01.01.2013 to 28.02.2013) regarding.

   The work of vertical extension of existing holiday home at Mysore has not completed till now and it will likely to take two more months. Due to construction activities, there is disturbance within the premises of holiday home at Mysore.

   Accordingly, booking of Holiday Home at Mysore is being suspended for two more months i.e. from 01.01.2013 to 28.02.2013. Application for booking for the aforesaid period will not be entertained by the booking authority.

sd/-
(N.S. Chauhan)
Assistant Director of Estates (Regions)

Source:http://holidayhomes.nic.in/WriteReadData/Circulars/19MysoreSuspension.PDF

Combined Defence Services Examination (II)-2012 – Declaration of Written Result Thereof.

   On the basis of the results of the COMBINED DEFENCE SERVICES EXAMINATION (II)-2012 held by the Union Public Service Commission in September, 2012, 9833 candidates with the following Roll Numbers have qualified for being interviewed by the Service Selection Board of the Ministry of Defence, for admission to (i) Indian Military Academy, Dehradun 135th Course commencing in July, 2013 (ii) Naval Academy, Ezhimala, Kerala Course commencing in July, 2013 (iii) Air Force Academy, Hyderabad (Pre-Flying) Training Course for 194th F(P) Course commencing in July, 2013 (iv) Officers’ Training Academy, Chennai  98th  SSC Course (for Men) commencing in October, 2013 and (v) Officers’ Training Academy, Chennai, 12th SSC Women (Non-Technical) Course commencing in October, 2013.

   2. The result/Marks of the candidate bearing Roll No.122059 has been kept in sealed cover as per the Hon’ble High Court of Judicature for Rajasthan, Jaipur order dated 13.09.2012 in respect of CWP No.13619/2012 filed by candidate.

   3. The ratio of candidates shortlisted for the examination per vacancy is 19.20.

   4. The candidature of all the candidates, whose Roll Numbers are shown in the lists below, is provisional.  In accordance with the conditions of the admission to the examination, they are required to submit the original certificates in support of age (Date of Birth), educational qualifications, NCC (C) (Army Wing/Senior Division Air Wing/Naval Wing) etc. claimed by them along with attested copies thereof, to Army Headquarters, A.G.’s Branch/Rtg./CDSE Entry, West Block III, Ground Floor, Wing No. I, R.K. Puram, New Delhi-110066 in case of IMA/SSC as their first choice and to Naval Headquarters (R&R Section), Room No. 204, C-Wing, Sena Bhawan, New Delhi-110011 in case of Navy first choice, and to PO3 (A) Air Headquarters, ‘J’ Block, Room No. 17, Opp. Vayu Bhawan, Moti Lal Nehru Marg, New Delhi-110011 in case of Air Force first choice.  The original Certificates are to be submitted within two weeks of completion of the SSB Interview and not later than 13th  May, 2013 (1st August, 2013 in case of SSC only).  The candidates must not send the original Certificates to the Union Public Service Commission.

   5. In case, there is any change of address, the candidates are advised to promptly intimate directly to the Army Headquarters/Naval Headquarters/Air Headquarters as per their first preference/choice.

   6. The Union Public Service Commission have a Facilitation Counter near Examination Hall Building in its Campus. Candidates may obtain any information/clarification regarding this examination on working days between 10.00 AM to 5.00 PM, in person or over telephone No.011-23385271, 011-23381125 and 011-23098543 from this Facilitation Counter.  Candidates can also obtain information regarding their result by accessing UPSC website http.//www.upsc.gov.in

   7. The marks-sheet of candidates who have not qualified, will be put on the Commission’s website within 15 days from date of publication of the final result (after conducting SSB Interview) and will remain available on the website for a period of 60 days.

Click here for see the Result