MEMORANDUM SUBMITTED BY ALL INDIA PENSIONERS ASSOCIATION OF CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS.

Narendra Modi Forum + 3

1. 

   All India Pensioners Association of CBEC is in favour of exempting pension from the payment of income tax . Nothing is certain in this world except death and taxes, as the famous saying goes. So, what would be your reaction if all pensions will be exempted from payment of taxes – even if only the income tax – like exemption granted to ex MP/MLA ? Wouldn’t it be a dream come true for Pensioners? For, all type of pensioners they won’t be required to pay any tax to the government on their pension /income including earning of interest from fixed deposit, nor will they be required to file any I-T return or worry about any notice from the Income Tax Department for delayed filing or any mismatch in the income tax return!
   Jan 30Sent

    
2. 

   The All India Pensioners Association of Central Board of Indirect Tax and Customs , on today called the Union Budget 'disappointing', saying that they will hold a nationwide demonstration on Friday. The All India Pensioners Association of Central Board of Indirect Tax and Customs further said that the Budget is not good for the salaried people including pensioners.
   Feb 1Sent

    
3. 

   No relief to salaried class in Budget-2018.Therefore the All India Pensioners Association of Central Board of Indirect Tax and Customs , called the Union Budget 'disappointing', saying that they are already holding a nationwide demonstration on today.
   Feb 1Sent

    
4. 

   The All India Pensioners Association of Central Board of Indirect Taxes and Customs urges PM to keep DGFT under Central Board of Indirect Taxes and Customs. The Directorate General of Foreign Trade (DGFT), responsible for promoting the country’s exports, needs to be brought under the domain of the Ministry of Finance ( Central Board of Indirect Taxes and Customs, The All India Pensioners Association of Central Board of Indirect Taxes and Customs has demanded. The DGFT is currently under the Ministry of Commerce and Industry. In a letter to Prime Minister of India and FM Arun Jaitley through tweeter ,The All India Pensioners Association of Central Board of Indirect Taxes and Customs said such a move will help in better facilitation of trade inside and outside of India. The commerce ministry through the foreign trade policy has undertaken a number of measures like imposition of anti-dumping duty, formulation of trade policies and setting up of Special Economic Zones, said the letter written by the All India Pensioners Association of Central Board of Indirect Taxes and Customs. However, with the major function of trade facilitation being with the Ministry of Finance, and the customs being the first interface of importers and exporters, at times there are problems of coordination. This leads to duplicity of work which at times not only increases the transaction cost but is also detrimental to the growth of economy, it said. “It would be prudent that DGFT be brought into the Ministry of Finance so that there is uniformity in the policy and trade has only one agency to interact with. This, it is felt that such a change would boost the trade measures taken by the government and make India a destination for foreign investment,” said the letter. The association said it was learnt that the commerce ministry had moved a proposal towards taking over the functioning of Directorate of Safeguards, a key directorate looking at the interest of domestic industry, under the finance ministry by way of creation of a Directorate of Trade Remedies. “It is felt that the same would not only be detrimental to the trade, but the economic development of the country at large,” the All India Pensioners Association of Central Board of Indirect Taxes and Customs said. The creation of a separate directorate in the Ministry of Commerce when a well developed mechanism of similar type is existing in the Central Board of Indirect Taxes and Customs under the finance ministry, is felt to be leading to “duplication of work” and setting in confusion in the trade,the All India Pensioners Association of Central Board of Indirect Taxes and Customs said. The All India Pensioners Association of Central Board of Indirect Taxes and Customs said it has been seen in some cases probed by revenue intelligence agency under the finance ministry that the Importer Exporter Code (IEC) — mandatory for import and export of goods — issued by the DGFT had “unknown identities with non-existent addresses”. “These are the IEC codes belonging to unscrupulous elements and drawback to the tune of thousands of crores have been taken by them, besides entering into the business of money laundering, by way of fake exports. This in itself appears to be defeating the work being done by the government towards a corruption-free market,” the letter said. Apart from this, lots of prohibited consignments like fire crackers etc have been imported into the country on fake IEC codes thereby leading to security threat, it said. “This issue primarily stems from the fact that the officials of DGFT are not tuned and trained towards investigation and enforcement,” the letter added.
   Feb 4Sent

    
5. 

   whether the Ex-MPs/MLAs are citizens of India or otherwise?
   9m8 minutes agoSent

    
6. 

   The Union Finance Minister Mr. Arun Jaitley said in an interview to India Today on 2 days back that Paying tax is a patriotic duty of every citizen. The All India Pensioners Association of Central Board of Indirect Taxes and Customs has fully appreciated such view of FM and wholeheartedly supported the same . However at the same time the Association wanted to know as to whether the Ex-MPs/MLAs are citizens of India or otherwise? Why their pension is exempted from payment of Income Tax. Apex Court in several judgements had categorically stated that MPs/MLAs are public servant. Hence like their pension, all pensions should be exempted from payment of income tax. Accordingly the Association has submitted a memorandum to PM on today and urged to exempt pension from income tax.
   8m6 minutes agoSent
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