CBDT has issued amendments in Income Tax Act 1962 (the Act)

 No.402/92/2006-MC (21 of 2009)

Government of India / Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

*****

New Delhi dated 30th
September, 2009

PRESS RELEASE

The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 (rupees fifty thousand), will become taxable in the hands of the donee, being an individual or a Hindu Undivided Family (HUF), as income from other sources under clause (vii) of sub-section 2 of section 56 of the Act. Therefore, any such person who receives a gift of any such property on or after 1st October 2009 must pay the income tax due on the value of the gift and disclose the taxable value of such property in the return of income for assessment year 2010-11 and subsequent years. 

The following types of gifts will, however, not be subject to tax, i.e. gifts (a) from a person who is a relative; (b) on the occasion of marriage of the individual; (c) under a will or by way of inheritance; (d) in contemplation of death of the donor; (e) from any local authority as defined in the Explanation to section 10(20) of the Act; (f) from any fund or trust established under section 10(23C) of the Act; (g) from any trust or institution registered under section 12AA of the Act. 

Relative is defined in the Act as (i) spouse; (ii) brother or sister; (iii) brother or sister of the spouse; (iv) brother or sister of either of the parents; (v) any lineal ascendant or descendant; (vi) spouse of any of the relative at clauses (ii) to (v); of the individual. Gifts received from these relatives will not be subject to tax. 

Earlier cash gifts exceeding Rs.25,000 were subject to tax with effect from 1st April 2004. Later the Act was amended with effect from 1st April 2006 to tax all cash gifts having aggregate value exceeding Rs.50,000. Cash gifts also enjoy exemptions as is available for gifts-in-kind. 

6TH CPC : ENGG COLLEGE TEACHERS

THE GOVT ORDER LINK IS PLACED BELOW FOR INFO PLZ :

http://www.education.nic.in/TechnicalEdu/Rpay-engg-teachers-071009.pdf

IMPORTANT CDA NEWS

1. FOR RETIRED OFFICERS

Payment of 60% Arrears of SPC is in progress.

2. Statement of Account for Oct. 2009 

Will be uploaded after 25th of Oct as the staff of CDA office has been deployed on Maharashtra Assembly Election.

FROM PAK WITH LOVE : GHQ Attack - India Strikes Again

By Zaheerul Hassan 

At about 1130 hours on October 10, 2009, a white color Suzuki Car tried to target General Headquarters of Pakistan Army located on Mall Road Rawalpindi. According to the witness the shooting began when a carry vehicle was intercepted by army personnel for routine checking at army check post near GHQ. Four miscreants wearing camouflage uniform opened heavy and indiscriminate fire while sitting in the vehicle.  According to Major General Athar Abbas brave soldiers of Pakistan Security Forces killed the terrorist and brought the situation within one hour after sacrificing their lives. The current attack is a series of Indian proxy war against Pakistan and its security Agencies.  

The proxy war started when Pakistan security forces achieved splendid victory against Swat militancy and were going to start Operation against Indian sponsored Taliban of Waziristan. It is notable here that it is third attack in two weeks or so. The current wave of sabotage activities are directly linked and sponsored by notorious South Asian agency RAW. There is a chance that RAAM is facilitating its master agency RAW. Earlier, on October 5, 2009, RAW trained terrorist blasted himself outside the UN’s World Food Programme offices in Islamabad and then again on 9 October, 2009 at least 50 people were killed and many injured in a suspected bomb blast near a market in the north-western Pakistani city of Peshawar. President Asif Ali Zardari, Prime Minister Syed Yousaf Raza Gilliani and Chief of Army Staff General Ashfaq Parvez Kayani strongly condemned the blast and said Pakistan could not be deterred in its effort to fight extremism and terrorism and would continue its quest to bring peace by eliminating the terrorists.  

By design, there is a strong perception that attack on Kabul Embassy was launched by Indian intelligence agency to malign Inter Services Intelligence (ISI) agency of Pakistan. The revealed opinion proved correct after listening Afghan Ambassador T Jawad comments to USA’s statement given to the PBS news channel on October 8, 2009. In that interview he mentioned that they are pointing the finger at the Pakistan intelligence agency, based on the evidence on the ground and similar attack taking place in Afghanistan. In fact it is a proven fact that Afghanistan and its intelligence agency with the tacit support of RAW is promoting terrorism in FATA, Balochistan and interior Pakistan too. It is mentionable here that Pakistan is facing horrible foreign sponsored militancy. As a result of war against terror more than a thousand of brave Pakistani soldiers and civilians have become victim of militancy. More than 2.8 millions Individuals were internally disabled. According to the sources, the Indian Air Force has stationed its MiG 29 aircrafts at Adampur near the Pakistani border to strengthen its air defence capabilities and minimise reaction time.  The deployment of MIG-29 and troops revealed that India may intensify the sabotage activities in the interior Pakistan in the near future and likely to go for Air strikes in already marked areas around GT Road. It is mentionable that BBC, on October 27, displayed a documentary movie regarding the eighth anniversary of the US-led NATO invasion of Afghanistan. It stated that now this war is being fought in Iraq and Afghanistan, and “it will soon spread in Pakistan.” 

New Delhi started this proxy war once Pakistan is on limelight as result of debate on Kerry-Luger Bill. Earlier India also rocked her Embassy at Kabul at the occasion of G-8 conference in July 2008. The nation (including Pak Army) seems united against the objectionable clauses related to Pakistan security. According to the sources John Kerry and Richard Lugar are visiting Islamabad shortly to discuss and remove the bugs and concerns of Pakistan over the bill. Hence, there are likely chances that Obama’s administration will re-evaluate and make it acceptable to Pakistani nation and security forces after removing the objectionable clauses. New Delhi never ever digested any success of Pakistani Intelligence agencies and security forces against foreign sponsored militancy and made another try to prove Pakistan as heaven for terrorists.  If we visualise and read the South Asian security situation then we can say that basically India has proved herself South Asian Don and is continuously busy in storming terrorism in the region. The recent blasts point out to the Indian intelligence agency collaboration with RAAM and Mossad who collectively have seemed to plan the series of blasts in Afghanistan and Pakistan with a view to use pressure tactics and built opinion to force Washington to refrain from providing economic aid to Islamabad. 

Concluding, I must say that World community should ask India to stop backing Hindu Taliban who are playing with the lives of Innocent people. She must know that Pakistan Security Forces are alert enough to meet any kind of potent threat. We salute our forces and those soldiers who scarified their lives for the nation and their Gazi comrades.

Author can be reached at: zameer36@gmail.com

http://www.kashmirwatch.com/showexclusives.php?subaction=showfull&id=1255184723&archive=&start_from=&ucat=15&var1news=value1news

Jai Veer Singh takes command of 24 Equipment Depot AFS

ALLAHABAD: Air Commodore, Jai Vir Singh, has taken over the command of 24 Equipment Depot Air Force Station, Manauri on Friday. The Air Officer was commissioned in the Logistics Branch of Indian Air Force on Jun 15, 1979. He has held various Logistics field and staff appoints. He was a directing staff at College of Defence Management, Hyderabad, before taking over the command of this depot. 

On the occasion of the 77th Anniversary of the Indian Air Force, Singh conveyed his heartiest greetings to all the personnel and their families of 24 ED. He said his Depot, over many years, has grown in stature and is one of the best depot of Maintenance Command. It has been possible only by the sustained efforts of the depot personnel for qualitative improvement. 

The qualitative improvement is visible in all dimensions. It has become possible due to dedication, determination and ability of our personnel to take up the challenges. 

Today it's migrating to high-tech operation keeping pace with advent of new technology. This warrants quality supports to all operational units in that environment. 

The endeavour of our personnel should be to ensure prompt response to all customers. This is possible only by managing inventory in the desired manner. While we excel professionally, we must also lay equal emphasis in improving quality of life. Your involvement in all around improvement in Depot environment will ensure quality time during your tenure at this Depot. 

Meanwhile, Shashi Singh, wife of Jai Veer Singh has also taken over as President Air Force Wives Welfare Association (Local) of 24 Equipment Depot, Air Force Station, Manauri from Oct 1,2009.

http://timesofindia.indiatimes.com/city/allahabad/Jai-Veer-Singh-takes-command-of-24-Equipment-Depot-AFS/articleshow/5107194.cms

Big hunt for 700 Maoists on the loose

With Maharashtra Assembly polls just three days away, security personnel on Saturday (October 10) continued to comb the dense forests in Gadchiroli district in the hunt for reportedly 700 Maoists hiding. The troops are applying new strategies to counter the Naxals in the district, by stationing new troops at Lahiri. 

TIMES NOW accessed exclusive footage of the troops heading towards the Naxal dominated areas in the state. The troops make use of the Indian Air Force (IAF) MI 17 choppers from Gadchiroli police grounds. The government on Friday (October 9) had pressed two IAF choppers into service in the Naxal infected area. 

Following the go ahead given by the government for an all out offensive against the Maoists, after the ultimatum issued by the Home Minister P Chidambaram, 7,000 troops have been pressed into service in Maoists infested areas. 

Eighteen companies of CRPF have been deployed in Gadchiroli to man the district, as confirmed by the district collector. These stringent measures are being taken in the wake of the recent ambush by the Naxals two days ago, where the they gunned down 20 cops and beheaded one villager. 

Meanwhile, Defence Minister AK Anthony said, “IAF to be given permission to open fire in self-defence during anti-Naxal operations after carefully preparing procedures and safeguards. Armed Forces will not be used in anti-Naxal operations in a combat role.” 

Earlier, Home Minister Jayant Patil meanwhile said there will be "no rescheduling " of polls in the Naxal affected areas in the state. "Naxals may strike politicians flying over the region. It's better that they avoid flying over these areas as Maoists may go to any extent to disrupt (coming assembly) elections," N S Jagtap, spokesperson of Gadchiroli police, had said. 

Chief Minister Ashok Chavan said the government will not be cowed down by the Naxal violence and warned the Maoists to give up violence or face an all-out offensive. The security forces also scoured the possible hideouts of the marauding Naxals on the state's border with Chattisgarh where the Maoists are suspected to have fled.

http://www.timesnow.tv/Big-hunt-for-700-Maoists-on-the-loose/articleshow/4329349.cms

Indian Army chief to visit Myanmar Sunday

New Delhi, Oct 10 (IANS) Indian Army chief General Deepak Kapoor will Sunday begin a three-day visit to Myanmar to nurture direct military-to-military ties with the neighbour on the eastern flank.

“The Army chief will be on a three-day visit to Myanmar. We have always had close ties with our counterparts in Myanmar. There have been cooperation in counter-insurgency training and all,” a senior Indian Army official said, requesting anonymity. 

Myanmar, second largest of India’s neighbours on the east, is important for the realisation of the country’s Look East policy since China has always tried to bring Myanmar within its own strategic embrace. 

Kapoor’s visit comes at a time when China has announced construction of a rail link up to the Myanmar border. The move has raised concerns in the Indian armed forces as it would give China a route for transporting reinforcements in case of confrontation with India. 

Earlier also there have been high level visits between chiefs of the armed forces of the two countries. 

The then Indian Army chief’s visit in November 2005 was followed by the visit of then Indian Navy chief Admiral Arun Prakash in January 2006. 

In February 2005, Myanmar Navy chief Vice Admiral Soe Thein visited India. Two Indian warships visited Yangon to participate in some basic exercises with the Myanmar Navy Dec 22-26, 2005. 

A corvette of the Myanmar Navy participated in the multi-nation exercise Milan-06 off the Andaman coast Jan 9-14, 2006. 

India has also shown keenness to supply naval hardware to Myanmar. During former navy chief Admiral Sureesh Mehta’s visit to Yangon in 2007, India agreed to supply three Islander aircraft to Myanmar. 

Myanmar has geo-strategic importance to India as it provides China an access to the Bay of Bengal in the Indian Ocean Region and to Strait of Malacca from where most of its energy supplies are routed. Still, military cooperation between India and Myanmar pales in comparison to its ties with China. 

China is providing major assistance in the modernization of naval facilities at Akyab (Sittwe), Mergui, Hanggyi Islands and Great Coco Islands. 

Myanmar is presently ruled by a military junta and faces US sanctions because of alleged human rights violation and suppression of pro-democracy activists.

http://www.thaindian.com/newsportal/uncategorized/indian-army-chief-to-visit-myanmar-sunday_100258627.html

Territorial Army, 60, to woo youngsters

New Delhi, Oct 9 (IANS) The Territorial Army, a reserve force of trained civilians to aid the Indian Army, completed 60 years of existence Friday and aims to woo more youngsters and working professionals to join its ranks.

“On the 60th anniversary, we are working towards tapping young talent from the corporate, engineering, IT and other fields,” said a senior officer of the Territorial Army.

The Territorial Army is a volunteer force of people eager to do their bit for the country’s defence. It acts as a reserve for the regular army in times of need and draws men and women from the age group of 18-42.

The Territorial Army has proposed to make its training schedule more flexible to accommodate the requirements of the working professionals.

“There is a proposal to shorten the training period because if you are taking in an expert then you do not have to give him that much training,” said the officer.

Currently, on joining the Territorial Army, officers have to undergo mandatory training of four months followed by two months of training every year. This is now proposed to be cut down to one month and 14 days, respectively.

The Territorial Army has also proposed to raise an all-women’s unit in the insurgency-hit northeast region.

“There is a proposal for raising an all women’s battalion for the northeast,” said the officer.

Presently, women can only join as doctors and nurses in the Territorial Army, which has a strength of 40,000.

In recent times, former India cricket team captain Kapil Dev and Malayalam film super star Mohanlal have joined the Territorial Army.

http://www.thaindian.com/newsportal/uncategorized/territorial-army-60-to-woo-youngsters_100258163.html