RELEASE OF ADDITIONAL INSTALMENT OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND DEARNESS RELIEF TO PENSIONERS, DUE FROM 1.7.2009

The Cabinet has decided to release an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.7.2009 representing an increase of 5% over the existing rate of 22% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which […]

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5% DA Expected

The information given below is only opinion. Please dont take it for authenticated one. As per the available stastics, a 5% additional DA is expected to be announced w.e.f July 2009. This will make DA to be 27% from 1 July 2009. The calculation is based on All India Consumer Price Index Number for Industrial Workers […]

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Unique Transaction Number (UTN) not mandatory for filing income-tax returns

The Central Board of Direct Taxes has deferred the implementation of furnishing of the unique transaction number (UTN) for filing income-tax returns. Accordingly, taxpayers filing their returns for the assessment year (AY) 2009-10 or any other earlier assessment years can do so without mentioning the UTN, as required under a notification (No 31 of 2009) […]

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