MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION

New Delhi, the 10th August, 2022

F. No. 16/1/2015-PR.- Atal Pension Yojana. – In partial modification of Ministry of Finance, Department of Financial Services Notification No. 16/1/2015-PR dated 16th October, 2015 on Atal Pension Yojana, published in the Gazette of India, Extraordinary, Part I, Section 1, the following amendment are hereby made:-

I. In the said notification at the end of para 2 the following shall be inserted, namely:-

“Provided that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join APY.

Explanation: For the purpose of this clause, the expression “income-tax payer” shall mean a person who is liable to pay income-tax in accordance with the Income Tax Act, 1961, as amended from time to time.”.

II. In the said notification, at the end of para 13, the following shall be inserted, namely:-

“In case a subscriber, who joined on or after 1st October, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber.”.

PANKAJ SHARMA, Jt. Secy.

The Original Notification was issued on 16th October, 2015 and was subsequently amended by Notification dated 19th January, 2016 and Notification dated 22nd March, 2016.

Source: egazette.nic.in

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New Delhi: Terming as “unsatisfactory” the current pace of taxpayers’ grievance redressal process, the CBDT has asked the Income Tax department to resolve these complaints within a maximum period of two months.

In a urgent missive to all regional heads of department, Central Board of Direct Taxes Chairperson Atulesh Jindal has sought a quick resolution of these complaints as it is a key area being monitored by the government, with Prime Minister Narendra Modi pulling up the department on this front during a meeting last year.

Recently, similar directives were issued to the Customs and Central Excise departments working under the Central Board of Excise and Customs.

The CBDT boss has asked the tax department officials to take up this job “on priority” and report back on its compliance.

While the total number of complaints pending in the IT department are about 7,800, 81 are pending for more than one year and 1,696 are pending for more than six months.

“Considering the fact that our Citizens’ Charter clearly lays down that all grievances should be disposed of within a period of two months, it is obvious that the overall progress on disposal of grievances is unsatisfactory….

“In spite of repeated instructions from the Board from time to time, a large number of grievances have not been disposed of withing the prescribed timeline of 60 days from the date of their receipt,” Jindal wrote in a recent communication to the Principal Chief Commissioners of the department across the country.

He said that in view of this situation, it was necessary for the regional heads to “personally” monitor these cases and direct their officers to attend to these grievances “on priority”.

“The grievances are required to be redressed within a maximum period of two months of their receipt. Further, if the finalisation of a decision on a particular grievance is expected to take longer than two months, an interim reply is required to be given for delay in redressal of the grievance,” the newly appointed CBDT chief told his officers.

In order to ensure compliance, Jindal has asked that a report in this regard should be sent to his office by the end of the first fortnight of this month by each of the regional IT heads.

The CBDT, the administrative body of the IT department, gets about 1,600 complaints every month in its grievance database maintained centrally and taxpayers complaints largely pertain to issues related to non-issuance of refunds, dispute in tax demands and PAN related hassles.

PTI

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New Delhi: Government targets adding one crore new income tax payers in the current financial year, Minister of State for Finance Jayant Sinha said today.

“The government has set a target of adding one crore new Income tax payers during the financial year 2015-16. The said target has been further distributed among various field units of the Income Tax Department,” Sinha said in a written reply in the Lok Sabha.

Sinha said in this financial year over 2.4 crore income tax returns have been filed till October 31, 2015.

The respective figures for 2014-15 were 3.67 crore; 3.74 crore in 2013-14 and 3.27 crore in 2012-13.

The number of income tax payers in the income bracket of Rs 1 crore and below was 2.39 crore as of October 31, 2015. For 2014-15 it was 3.66 crore; 3.73 crore in 2013-14 and 3.26 crore in 2012-13, said the minister.

“The total net direct collection in the current financial year (up to October 2015) is Rs 3.44 lakh crore showing growth of 13.20 per cent as compared to the collection made during the corresponding period of the previous financial year,” he said.

Sinha said government has taken a number of steps to expand the income tax base.

These steps include developing strategies to identify and add new taxpayers; collection of information about high value transactions; improving compliance to TDS/TCS provisions; encouraging voluntary compliance through education, camps and seminars

PTI

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