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Wednesday, February 10, 2016

More Snap shots of 40th Biennial Circle Conference

Entering into any financial transaction – Are you required to disclose PAN?

By Shalini Jain 

One of the biggest agenda of the current Government is to curb black money menace in India and one of the step forward in this regard is the change made in the requirement of mandatory quoting of Permanent Account Number ('PAN") in designated financial transactions. 

The need for some pro-active measures to check the black money was highlighted by our Finance Minister in October 2015, wherein he had said "the bulk of black money is still within India. We thus need a change in national attitude where plastic currency becomes the norm and cash an exception". 

Pursuant to the recommendations made by the Special Investigation Team (SIT) on black money, the Finance Minister in his Budget Speech for 2015-16 had announced proposals to make it mandatory to quote PAN for all sale and purchase of goods and services where payment exceeds INR 1 lakh. However, on consideration of representation received from stakeholders and with a view to strike a balance between necessity of obtaining necessary information and avoiding onerous burden of compliance on legitimate transactions, the Central Board of Direct Taxes (CBDT) has decided to enhance the limit to INR 2 lacs and also to revise the monetary limits of other PAN reportable transactions. 

The CBDT vide a press release dated 15 December 2015 had announced the proposed changes to the rules of PAN reportable transactions. Subsequently, the relevant rules have been amended to bring about the changes in law. 

As discussed earlier, one of the key change pursuant to the amended rule is the requirement to quote PAN to new class of transaction viz. purchase or sale of goods or services exceeding INR 2 lakhs per transaction. The mode of payment by cash or cheque is not relevant which means whether one pays in cash or cheque, so long as the value of transaction is more than INR 2 lakhs, PAN is required to be reported. This new requirement has been made applicable with effect from 1 January 2016. 

The amended rule casts an obligation to quote PAN of both seller and buyer in all documents pertaining to sale or purchase, by any person, of goods or services of any nature (in addition to those already covered by erstwhile rule). 

The obligation to verify compliance of quoting of PAN of buyer and seller has been cast on person raising the bills and who has issued any document in relation to purchase or sale of goods or services. If the PAN of the buyer or seller is not available, such person has to furnish a declaration in Form 60 with complete particulars. Such form requires personal details of the individual and any false declaration of information in this form will make the individual liable for serious consequences. 

So next time one is shopping in a high end luxury store, the person has to be mindful of the fact that the purchase of an expensive bag or a fancy watch may come up with the onerous requirement to quote the PAN. 

In addition to this requirement, some of the other key changes/ changed limits for payments where PAN needs to be quoted are as under: 

* The limit for sale or purchase of immovable property has been increased from INR 5 lakhs to INR 10 lakhs 

The limit for single bill payment in cash to hotels and restaurants has been increased from INR 25,000 to INR 50,000 

The limit for time deposits with banking companies has been increased from INR 50,000 to INR 5 lakhs 

From a compliance standpoint, these new rules will have a far greater impact than just curbing the black money which is definitely the Government's primary intent. With so much information on hand, it will lead to widening of tax base by tracking high value transactions. The Income tax department has also been picking up cases for scrutiny assessments under Computer Aided Scrutiny Selection ('CASS') basis the PAN of the individual and it is expected that there may be an increase in the audit  of individuals entering high value transactions. By way of collection of information linked to PAN, the Income tax department will get an overview of the entire 'PAN life cycle summary' or to simply say transactions history of an individual in a chronological order, where a PAN has been quoted, in any part of the country, making it easier to link all the financial transactions of an individual in order to reduce tax evasion and curb black money. 

Quoting of PAN will prompt the use of banking transactions and use of plastic money shall rise significantly. This will strongly aid Government's agenda to curb black money. Our new resolution as law abiding citizens needs to be to support the Government in its positive measures. 

(The author is Executive Director - Tax & Regulatory Services, EY India. Views expressed are personal) 

Source:-The Economic Times

Delegates from Odisha Circle for 39th All India Conference to be held on 13th and 14th February, 2016 at Jaipur (Rajsthan)

Postal address
Post in CHQ
Mobile No.
Email id
Pitabasa Jena
 ASP(TO), O/o CPMG, Odisha Circle, Bhubaneswar-751001
Circle Secretary

Bibhudatta Behera
IP(PG), Odisha Circle, Bhubaneswar-751001
Taps Ku. Dash
ASP(Inv),CO, Bhubaneswar
CWC Member & Delegate
Prasanta Ku. Patra
SAS, CO, Bhubaneswar
President and Delegate
Jameswar Garnaik
ASP(Inv), RO, Sambalpur
Asst. Circle Secretary and Delegate
Bijay Ku. Pradhan
IRM, RMS K Division, Sambalpur
Treasurer / Delegate

Examiners identity can't be revealed under RTI: SC

New Delhi, Feb 9 (PTI) Revealing identity of examiners evaluating answer sheets in competitive exams under the RTI Act will lead to "dire consequences" and create "confusion and public unrest", the Supreme Court said, warning that unsuccessful candidates may try to seek revenge.

A bench of Justices M Y Eqbal and Arun Mishra made the observations while partly allowing the appeal of Kerala Public Service Commission against a 2011 Kerala High Court order directing it to make available all information including the identity of the examiner.

"We would like to point out that disclosure of identity of examiners is in the least interest of the general public and also any attempt to reveal the examiner's identity will give rise to dire consequences.

"Therefore, in our considered opinion revealing examiner's identity will only lead to confusion and public unrest. Hence, we are not inclined to agree with the decision of the Kerala High Court with respect to the second question," it said.

The apex court upheld the high court order that answer sheets and details of interview marks can be and should be provided to the candidate as it is not something which a public authority keeps under a fiduciary capacity.

It said examinees are entitled to get scanned copies of their answer sheet of the written test and details of the interview marks under the transparency law.

The bench observed that disclosing marks and answer sheets will ensure that candidates have been given marks according to their performance and said this practice would ensure a fair play in this competitive environment.

It, however, modified the high court's decision to the extent that the Kerala PSC was not entitled to disclosing the names of the examiners as sought.

The bench also said disclosing examiners' names might lead to a situation where unsuccessful candidates may try to take revenge from examiners for performing their duty properly.

"This may, further, create a situation where the potential candidates in the next similar exam, especially in the same state or in the same level will try to contact the disclosed examiners for any potential gain by illegal means in the potential exam", the court observed.

Re-fixed inter seniority of the IPoS, Group 'A' officers of 2007 batch as per the provisions of the Rule 23(6) of IPoS, Group 'A' Service Rules.

To view please Click Here.

Partial modification of order NO.4-2/2015-SPG dtd 31.12.2015

To view please Click Here.

Monday, February 8, 2016

40th Biennial Circle Conference- News published in Odia daily "Sambad"

40th Biennial Circle Conference - New Office Bearers

Office Bearer
Sri Prasanta Ku. Patra, ASP(Mail), O/o CPMG, Odisha Circle, Bhubaneswar-751001
Vice Presidents
1. Shri H.S.Mohapatra, ASP(HQ), Koraput Division
2. Shri Samarjeet Nayak, ASP(OD), Balasore Division
Circle Secretary
Sri Pitabasa Jena, Manager(Project Arrow), O/o CPMG, Odisha Circle, Bhubaneswar-751001
Asst. Circle Secretaries
1. Shri B. Maheswar Rao, ASP I/C, Chatrapur Sub-Division
2. Shri Jameswar Garanaik, ASP(Vig), RO, Sambalpur
3. Sri Suvendu Pd. Tripathy, IP, Nayagarh West
Organizing Secretaries
1. Shri Sanjit Kumar Satapathy, IP Angul (East) Sub-Division
2. Ms. Swagatika Palo, IP, Berhampur(South) Sub-Division
3. Shri Gouranga Behera, ASP I/C, Bhadrak Central Sub-Division
4. Shri Basanta Kumar Singha, ASP(HQ), Balasore Division
5. MS. Monalisha Das, IP, “N” 1st  Sub-Division, Cuttack
Shri Bijay Kumar Pradhan, IRM, RMS “K” Division
Asst. Treasurer
Shri Gyana Ranjan Pradhan, IP, Talcher Sub-Division
Shri Mrutyunjaya Bera, ASP (PMU), Circle Office
CWC Members
1.Shri Debi Prasad Nayak, ASP(Philately/SB), Circle Office
2.Shri Priyanath Pattanaik, Dy. PM, Bhubaneswar GPO
3.Shri Khageswar Mallick, ASP(OD), Bhubaneswar Division
4.Shri Tapas Kumar Dash, ASP(Inv) Circle Office
5. Shri Parameswar Nayak, ASP(OD), Bhadrak Division
6.Shri Bijay Kumar Mishra, ASP(HQ), RMS “N” Division
7. Shri Bibhudatta Behera, IP(PG), Circle Office
8. Shri Jagadish Dash, ASP I/C, Jagatsinghpur Sub-Division
9. Shri Pranab Kumar Mishra, IP, Jatni Sub-Division
10.  Ms. Madhusmita Padhi, IP(Cell), Circle Office
11. Shri L.N.Mishra, ASP(PG), Circle Office
12. Ms. Neeta Seremseti, IP, Central Sub-division, Cuttack
13.  Shri Minaketan Pradhan, IP(Vig), Circle Office
14. Ms. Arunabala Mohanty, ASP(HQ), Bhubaneswar Division
15. Shri Manoj Kumar Pattanaik, ASP I/C, Cuttack East Sub-Division
16. Shri Gajendra Pd. Kar, ASP(HQ), Cuttack South Division
17. Shri Yerra Polayya, IP, RO, Berhampur
18. Shri Amulya Prasad Panda, OS, Cuttack City Division
19.  Shri Debashis Sahani, IP, Cuttack West Sub-Division
20.  Shri Niranjan Mohanty, ASP(HQ), Puri Division

All India Delegates
1.   Shri Debi Prasad Nayak, ASP (Philately/SB), Circle Office
2.   Shri Basanta Kumar Singha, ASP (HQ), Balasore Division
3.   Shri Manoj Kumar Dash, IP (PLI), Circle Office
4.   Shri Bibhudatta Behera, IP (PG), Circle Office
5.   Shri Khageswar Mallick, ASP (OD), Bhubaneswar Division
6.   Shri Tapas Kumar Dash, ASP (Inv), Circle Office
7.   Shri Samarjeet Nayak, ASP (OD), Balasore Division
8.       Shri L.N.Mishra, ASP (PG), Circle Office
9.       Shri Jameswar Garnaik, ASP(Vig), RO, Sambalpur
10.   Shri Yerra Polaya, IP, RO, Berhampur

Sunday, February 7, 2016

Some Snap Shots of 40th Biennial Conference

Arrival of Guests on the Dias

Lightning of Candles

State Song

Key Note Address by the Circle Secretary

Address by Chief Speaker Shri Soumya Ranjan Pattanayak

Memento to the Chief Speaker

Address by Shri S.R. Swain, Guest of Honour 

Address by Col. Jaleswar Kanhar, Guest of Honour

Address by  Shri Tilak De, Chief Guest

Presidential Address

Address by Shri S. B. Mohapatra, Former CHQ President

Address by Shri Bipin Bihari Mohanty, Former Circle Secretary 

Address by Shri Subash Ch. Barik, President, Postal Officer's Association

Address by Shri Bruhaspati Samal, Divisional Secretary, AIPEU, Group-C, Bhubaneswar Division

Vote of Thanks by Shri Prasanta Ku. Patra

Open Session

General Body Meeting

General Body Meeting