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NEW DELHI, Aug 17: Finance Ministry in the sec- ond set of FAQs on the black money compliance window is likely to clarify on the period for which foreign bank account details have to be provided after concerns were expressed in some quarters over the availability of records beyond a few years. In the Frequently Asked Questions (FAQs) the Central Board of Direct Taxes (CBDT) will answer around two dozen queries based on inputs received from various stakeholders since the notification of the Compliance Window under the Black Money Act on July 1. “Tax department has received queries with regard to disclosure of bank accounts. Many people are saying that they do not have details of the foreign bank account since its opening,” a source told. As per the rules released by the IT department in July, CBDT had asked persons having undis- closed foreign bank accounts to provide sum total of credits since the opening of the account. The source said that some stakeholders have raised an issue that if someone has account for long, say 20-30 years, how will that person pro- vide details for that period.(PTI) CBDT to clarify on bank account disclosures under black money law TUESDAY, AUGUST 18, 2015 (PAGE 14) DAILY EXCELSIOR, JAMMU CRESCENT PUBLIC SCHOOL DISCO ROAD JANIPUR, JAMMU Email: [email protected] CONTACT NO. 0191-2535337 STAFF REQUIRED 1. NTT NTT/B.A (With Experience) 2. PRT/TGT B.A/ M.A (English) with B.Ed English 3. PRT/TGT B.Sc/M.Sc with B.Ed Science 4. PTI B.Ped/ M.Ped 5. MAID Middle Pass Candidate fluent in English will be given preference. Salary negotiable for deserving candidate. Application forms are available in the School Office on all working day from 9.00 AM to 2.30 PM. Date of Interview 20th of Aug, 2015 and Timings 12.00 to 3.00 P.M. PRINCIPAL davp 17112/11/0062/1516 ALL INDIA INSTITUTE OF MEDICAL SCIENCES ANSARI NAGAR, NEW DELHI-110608 Admission Notice No. 10/2015 Implement OROP in urgent time frame:10 ex-Service Chiefs to PM NEW DELHI, Aug 17: Voicing "dismay" over inability of political leadership to implement 'One Rank One Pension' scheme, ten former Service Chiefs have written an open letter to Prime Minister Narendra Modi saying the issue should be resolved expeditiously within a time frame as any further delay will lower the morale of the armed forces. They also sought immediate action against Delhi Police for its high handedness on August 14 against the veterans who were staging protest at Jantar Mantar to demand OROP implementation. The development came on a day when two of the agitating ex-servicemen launched fast-unto- death, stepping up the stir on the issue. The letter, signed by former Army chiefs V N Sharma, Shankar Roy Choudhary, S Padmanabhan, N C Vij, J J Singh, Deepak Kapoor and Bikram Singh, regretted that Modi did not annouce imple- mentation of OROP in his Republic Day address, dashing the hopes of ex-servicemen. "We had earlier not approached the Honourable Prime Minister as we had full faith in the announcements made by our senior political leader- ship from time to time. We were also hopeful that the announcement of the implementation of the OROP would be made to the Nation on Independence Day. Regrettably this has not hap- pened," said the letter. Former Navy chief Admiral Madhvendera Singh and former Air Force chiefs N C Suri and S P Tyagi were also signatories to the letter. "We have full faith in our political leadership but their inability to clinch the issue leaves us dis- mayed. We stand steadfastly by the side of our colleagues and fully support their just cause," the letter said talking about the ongoing protest at Jantar Mantar by the ex-servicemen community. The letter said that their silence so far was to observe propriety. "As much as the ORP, the respect and dignity of the soldier is at stake here and let it be known that we have extreme concern for the veterans' long pending demands. "We would strongly urge the Government to settle this issue expeditiously and in an urgent time frame. Any further delays in our considered view will be at the cost of damaging the pride of veterans and lowering the morale of armed forces. The nation can ill afford such an imbroglio," the letter said. The former Service chiefs said there is only one definition of OROP accepted by Parliament and also by the Defence Minister in the presence of the veterans. "This is 'uniform pension to be paid to the Armed Forces retiring in the same rank with same length of service irrespective of their date of retirement'. Simultaneously, 'Annual Review System' would be required to be put in place for equalization of pension of the past and cur- rent retirees," it said. The former chiefs said the then Defence Minister after consultations with the Services Headquarters representatives, veterans and MoD Officials had approved a Rs 8,300-crore model in February 2014 based on formula of maximum pension date for each rank and service as on Financial Year 2014. "The often quoted technical difficulties with- out ever being specified and discussed are thus bewildering. This is simple arithmetic based on the Standard Pension Tables of the government. "These delays are construed to be only with a view to bring in changes in the parameters and dilute the entitlements, which will be grossly unjust and unacceptable," the letter said. Stressing that they are deeply perturbed and dis- tressed by the highhanded treatment of veterans on August 14 at Jantar Mantar, they said the ex-service- men have been on a peaceful demonstration at this venue and have been trying to make the government hear their voice since June 12. "We unequivocally condemn the action by the Police and urge the government to investigate and take immediate action," they said. The foprmer Chiefs added that this indiscre- tion on the part of the Police has seriously impact- ed the pride and morale of all ranks of the three Services and the Veterans. "It is pertinent to mention that these veterans are the same soldiers, who have displayed unflinching loyalty towards the Constitution and the Nation during their service and still remain motivated to die for a noble cause. Unfortunately their dignity and pride today stand scarred and is a cause for serious concern," the letter read. (PTI)

TUESDAY, AUGUST 18, 2015 (PAGE 14) DAILY EXCELSIOR, …epaper.dailyexcelsior.com/epaperpdf/2015/aug/15aug18/page14.pdf · view will be at the cost of damaging the pride of veterans

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Page 1: TUESDAY, AUGUST 18, 2015 (PAGE 14) DAILY EXCELSIOR, …epaper.dailyexcelsior.com/epaperpdf/2015/aug/15aug18/page14.pdf · view will be at the cost of damaging the pride of veterans

NEW DELHI, Aug 17:

Finance Ministry in the sec-ond set of FAQs on the blackmoney compliance window islikely to clarify on the period forwhich foreign bank accountdetails have to be provided afterconcerns were expressed in somequarters over the availability ofrecords beyond a few years.

In the Frequently AskedQuestions (FAQs) the CentralBoard of Direct Taxes (CBDT)will answer around two dozen

queries based on inputs receivedfrom various stakeholders sincethe notification of theCompliance Window under theBlack Money Act on July 1.

“Tax department hasreceived queries with regard todisclosure of bank accounts.Many people are saying thatthey do not have details of theforeign bank account since itsopening,” a source told.

As per the rules released bythe IT department in July, CBDThad asked persons having undis-closed foreign bank accounts toprovide sum total of credits sincethe opening of the account.

The source said that somestakeholders have raised anissue that if someone hasaccount for long, say 20-30years, how will that person pro-vide details for that period.(PTI)

CBDT to clarify on bank account disclosures under black money law

TUESDAY, AUGUST 18, 2015 (PAGE 14) DAILY EXCELSIOR, JAMMU

CRESCENT PUBLIC SCHOOLDISCO ROAD JANIPUR, JAMMUEmail: [email protected]

CONTACT NO. 0191-2535337

STAFF REQUIRED1. NTT NTT/B.A (With Experience)2. PRT/TGT B.A/ M.A (English) with B.Ed

English3. PRT/TGT B.Sc/M.Sc with B.Ed

Science4. PTI B.Ped/ M.Ped5. MAID Middle Pass

Candidate fluent in English will begiven preference. Salary negotiable

for deserving candidate. Application forms are available in

the School Office on all working dayfrom 9.00 AM to 2.30 PM. Date ofInterview 20th of Aug, 2015 and

Timings 12.00 to 3.00 P.M.PRINCIPAL

davp 17112/11/0062/1516

ALL INDIA INSTITUTE OF MEDICAL SCIENCES ANSARI NAGAR, NEW DELHI-110608

Admission Notice No. 10/2015

Implement OROP in urgent time frame:10 ex-Service Chiefs to PM

NEW DELHI, Aug 17:

Voicing "dismay" over inability of politicalleadership to implement 'One Rank One Pension'scheme, ten former Service Chiefs have writtenan open letter to Prime Minister Narendra Modisaying the issue should be resolved expeditiouslywithin a time frame as any further delay willlower the morale of the armed forces.

They also sought immediate action againstDelhi Police for its high handedness on August 14against the veterans who were staging protest atJantar Mantar to demand OROP implementation.The development came on a day when two of theagitating ex-servicemen launched fast-unto-death, stepping up the stir on the issue.

The letter, signed by former Army chiefs V NSharma, Shankar Roy Choudhary, S Padmanabhan,N C Vij, J J Singh, Deepak Kapoor and BikramSingh, regretted that Modi did not annouce imple-mentation of OROP in his Republic Day address,dashing the hopes of ex-servicemen.

"We had earlier not approached the HonourablePrime Minister as we had full faith in theannouncements made by our senior political leader-ship from time to time. We were also hopefulthat the announcement of the implementation ofthe OROP would be made to the Nation onIndependence Day. Regrettably this has not hap-pened," said the letter.

Former Navy chief Admiral MadhvenderaSingh and former Air Force chiefs N C Suri and SP Tyagi were also signatories to the letter.

"We have full faith in our political leadership buttheir inability to clinch the issue leaves us dis-mayed. We stand steadfastly by the side of ourcolleagues and fully support their just cause,"the letter said talking about the ongoing protest atJantar Mantar by the ex-servicemen community.

The letter said that their silence so far was toobserve propriety.

"As much as the ORP, the respect and dignityof the soldier is at stake here and let it be knownthat we have extreme concern for the veterans'long pending demands.

"We would strongly urge the Government tosettle this issue expeditiously and in an urgenttime frame. Any further delays in our consideredview will be at the cost of damaging the pride

of veterans and lowering the morale of armedforces. The nation can ill afford such animbroglio," the letter said.

The former Service chiefs said there is onlyone definition of OROP accepted by Parliamentand also by the Defence Minister in the presenceof the veterans.

"This is 'uniform pension to be paid to theArmed Forces retiring in the same rank withsame length of service irrespective of their dateof retirement'. Simultaneously, 'Annual ReviewSystem' would be required to be put in placefor equalization of pension of the past and cur-rent retirees," it said.

The former chiefs said the then DefenceMinister after consultations with the ServicesHeadquarters representatives, veterans and MoDOfficials had approved a Rs 8,300-crore model inFebruary 2014 based on formula of maximumpension date for each rank and service as onFinancial Year 2014.

"The often quoted technical difficulties with-out ever being specified and discussed are thusbewildering. This is simple arithmetic based onthe Standard Pension Tables of the government.

"These delays are construed to be only with aview to bring in changes in the parameters anddilute the entitlements, which will be grosslyunjust and unacceptable," the letter said.

Stressing that they are deeply perturbed and dis-tressed by the highhanded treatment of veterans onAugust 14 at Jantar Mantar, they said the ex-service-men have been on a peaceful demonstration at thisvenue and have been trying to make the governmenthear their voice since June 12.

"We unequivocally condemn the action by thePolice and urge the government to investigate andtake immediate action," they said.

The foprmer Chiefs added that this indiscre-tion on the part of the Police has seriously impact-ed the pride and morale of all ranks of the threeServices and the Veterans.

"It is pertinent to mention that these veteransare the same soldiers, who have displayedunflinching loyalty towards the Constitution andthe Nation during their service and still remainmotivated to die for a noble cause. Unfortunatelytheir dignity and pride today stand scarred and isa cause for serious concern," the letter read. (PTI)