Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 5th April, 2018

PRESS RELEASE

CBDT notifies Income Tax Return Forms for Assessment Year 2018-19

The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who have filed their return in this simplified Form. For Assessment Year 2018-19 also, a one page simplified ITR Form-1(Sahaj) has been notified. This ITR Form-1 (Sahaj) can be filed by an individual who is resident other than not ordinarily resident, having income upto Rs.50 lakh and who is receiving income from salary, one

house property / other income (interest etc.). Further, the parts relating to salary and house property have been rationalised and furnishing of basic details of salary (as available in Form 16) and income from house property have been mandated.

ITR Form-2 has also been rationalised by providing that Individuals and HUFs having income under any head other than business or profession shall be eligible to file ITR Form-2. The Individuals and HUFs having income under the head business or profession shall file either ITR Form-3 or ITR Form-4 (in presumptive income cases).

In case of non-residents, the requirement of furnishing details of any one foreign Bank Account has been provided for the purpose of credit of refund. Further, the requirement of furnishing details of cash deposit made during a specified period as provided in ITR Form for the Assessment Year 2017-18 has been done away with from Assessment Year 2018-19.

There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are to be filed electronically. However, where return is furnished in ITR Form-1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file return in paper form:-

(i) an Individual of the age of 80 years or more at any time during the previous year; or

(ii) an Individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the Return of Income.

The notified ITR Forms are available on the official website of the Department www.incometaxindia.gov.in.

(Surabhi Ahluwalia)

Commissioner of Income Tax

(Media & Technical Policy)

Official Spokesperson, CBDT

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, 5th April, 2018

PRESS RELEASE

Clarification regarding applicability of standard deduction to pension received from former employer.

Finance Act, 2018 has amended Section 16 of the Income–tax Act, 1961(“the Act”) to provide that a taxpayer having income chargeable under the head “Salaries” shall be allowed a deduction of Rs 40,000/- or the amount of salary, whichever is less, for computing his taxable income.

Representations have been received seeking clarification as to whether a taxpayer, who receives pension from his former employer, shall also be eligible to claim this deduction.

The pension received by a taxpayer from his former employer is taxable under the head “Salaries”. Accordingly, any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000/- or the amount
of pension, whichever is less, under Section 16 of the Act.

(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT

 

F.No.278/M-52/2003-ITJ(Pt.)

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Direct Taxes

New Delhi, the 4^th April, 2018

To,

Registrar, National Company Law Appellate Tribunal, New Delhi.& Registrar, National Company Law Tribunal

i.	Principal Bench, New Delhi.
ii.	New Delhi Bench,
iii.	Ahmedabad Bench,
iv.	Allahabad Bench,
v.	Bengaluru Bench,
vi.	Chandigarh Bench,
vii.	Chennai Bench,
viii.	Guwahati Bench,
ix.	Hyderabad Bench,
X.	Kolkata Bench,
xi.	Mumbai Bench.

 

Subject:  Designated Nodal Officers of Income Tax Department for receipt of communication from National Company Law Appellate Tribunal(NCLAT) and National Company Law Tribunal(NCLT) - reg.

Madam/Sir,

Kindly refer to the above.

2. I am directed to enclose the list of designated Nodal officers of Income Tax department for the purpose of receipt of communication from NCLAT and NCLT.

3. This issues with the approval of Member(A&J), C.B.D.T.

Yours faithfully,

(Smriti Bharadwaj)

DCIT(OSD) - ITJ-II

Telephone No. 26882637

Encl: As above Copy to:

1. All Pr.CCsIT for kind information and necessary action
2. CIT(ITA) for kind information and record
3. Database cell with a request to upload on irsofficersonline

-------------------------------------------------------------------------------------------------------------------

Designated Nodal Officers for receipt of communication from NCLAT and the respective NCLT benches

S.No.	NAME OF BENCH	LOCATION OF BENCH	DESIGNATED NODAL OFFICERS FOR RECEIPT OF COMMUNICATION FROM NCLAT and NCLT
1	(a) National Company  Appellate Tribunal (b) National Company Law Tribunal, New Delhi Principal Bench (c) National Company Law Tribunal, New Delhi Bench	New Delhi	Pr.CCIT, New Delhi. Address:- C.R.  Building,  LP.  Estate,  New Delhi- 110002 Phone   No:- 011-23378587 e-mail:-  delhi.pccit@incometax.gov.in
2	(a) National Company Ahmedabad Law Tribunal, Ahmedabad Bench.	Ahmedabad	Pr.CCIT, Ahmedabad Address:-  P.B.  No. 211,  Aayakar Bhawan, Ashram Road,   Ahmedabad-380009 Phone   No:- 079-27546340 e-mail:- ahmedabad.pccit(@incometax.gov.in
3	National Company Allahabad Law Tribunal, Allahabad Bench.	Allahabad	Pr. CCIT,  UP(East) Address:-  Aayakar  Bhawan,  5-Ashok Marg,  Lucknow-  226001 Phone   No:- 0522-2233201 e-mail:-ccit.Iucknow@incometax.gov.in
4	National Company Bengaluru Law Tribunal, Bengaluru Bench.	Bengaluru	Pr. CCIT, Karnataka   & Goa Address:-  C.R. Building, No. 1 Queen's Road, Bengaluru - 560001 Phone No:- 080-22869239 e-mail:- banzalore.pccit@Incometax.gov.in
5	National Company Law Tribunal, Chandigarh Bench.	Chandigarh	Pr.CCIT, NWR Address:- Aayakar Bhawan, Sector- 17-E, Chandigarh Phone No:- 0172-2701645 e-mail:-ccit.chandigarhr@incometax.gov.in
6.	National Company Chennai Law Tribunal, Chennai Bench.	Chennai	Pr.CCIT, Tamil  Nadu   & Puducherry Address:-  121,  Mahatma  Gandhi Road,  Nungambakkam,    Chennai  - 600034 Phone   No:- 044-28338301 e-mail:-chennai.pccit@incometax.gov.in
7	National Company Law Tribunal, Guwahati Bench.	Guwahati	Pr.CCIT, NER Address:-  1st Floor,  Aayakar  Bhawan, Christian  Basti,   G.S.  Road,  Guwahati- 781005 Phone   No:- 0361-2345106 e-mail:-ccit.guwahati@incometax.gov.in
8	National Company Hyderabad Law Tribunal, Hyderabad Bench.	Hyderabad	Pr.CCIT, Andhra Pradesh & Telengana Address:- io= Floor, C-Block, LT.Towers, 10-2-3, A.C. Guards, Hyderabad-500004 Phone No:-040-23237946 e-mail :- hvderabad. pccit@incometax.gov .in
9	National Company Law Tribunal, Kolkata Bench.	Kolkata	Pr.CCIT, West Bengal & Sikkim  Addressr- Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069     Phone No:- 033-22136148  e-mail.-kolkata.pccit@lincometax.gov.in
10	National Company Law Tribunal, Mumbai Bench	Mumbai	Pr.CCIT,   Mumbai Address:- 3rd Floor, Aayakar Bhawan, Maharishi Karve Road, Mumbai-400020 Phone No:-  022-22017654  e-mail:- mumbai. pccit@,incometax.gov.in

 

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 2nd April, 2018

PRESS RELEASE(No.5)

Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018

The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% higher than the net collections for FY 2016-17. The net Direct Tax collections represent 101.5% of the Budget Estimates (Rs.9.8 lakh crore) and 99% of the Revised Estimates (Rs. 10.05 lakh crore) of Direct Taxes for F.Y. 2017-18.

Gross collections (before adjusting for refunds) in FY 2017-18 have increased by 13% to Rs.11.44 lakh crore. Refunds amounting to Rs.1.49 lakh crore have been issued during 2017-18.

The growth rate for net collections for Corporate Income Tax (CIT) is 17.1% and for Personal Income Tax (including STT) is 18.9%.

However, it is reiterated that the aforesaid figures are as yet provisional and subject to change pending final collation of data of collections.

During FY 2017-18, 6.84 crore Income Tax Returns (ITRs) were filed with the Income Tax Department as compared to 5.43 crore ITRs filed during FY 2016-17, showing a growth of 26%. There has been a sustained increase in the number of ITRs filed in the last four financial years. As compared to 3.79 crore ITRs filed in F.Y. 2013-14, the number of ITRs filed during F.Y. 2017-18 (6.84 crore) has increased by 80.5%.

During FY 2017-18, the number of new ITR filers has also increased to 99.49 lakh (as on 30.03.2018) as compared to 85.51 lakh new ITR filers added during FY 2016-17, which translates into a growth of 16.3%.

The increase in total returns filed and new returns filed during FY 2017-18 is a result of sustained efforts made by the Income Tax Department in following up with potential non-filers through email, SMS, statutory notices, outreach programmes, etc. as well as through structural changes made in law and the Government’s emphasis on widening of tax net.

(Surabhi Ahluwalia)

Commissioner of Income Tax

(Media & Technical Policy)

Official Spokesperson, CBDT

Click here to read and download Notification No. 1/2018/F. No. P.12011/24/2017-ES, Cell-DoR