INCOME TAX

OLTAS INSTRUCTION NO. 15

F.No. SW/07/01/05/04/DIT(S)/

Dated :11.08.2005

Subject  :  Fringe Benefit Tax (FBT) and Banking Cash Transaction Tax (BCTT)  - regarding-

Sir/Madam,

            As you are aware that Fringe Benefit Tax (FBT) and Banking Cash Transaction Tax (BCTT)  have been introduced in the current Finance Act .

2. In order to report the collection of these taxes, a new challan form ITNS-283 has been introduced. Now banks are sending the collection reported under these taxes.In order to reflect the collection in the reports, following reports at RCC have been enhanced :

(i)  Major Head wise Account Report

(ii) CTU Collection

(iii) AO Collection

(iv) Addl.CIT Collection Report

(v)  CIT Collection

(vi) CCIT Collection

3. In order to provide these functionalities, it is requested that necessary instructions may please be given to the concerned officials to implement this modification by taking following actions:

1. Take two sets of full backup;
2. Down load and execute the following patch (no user should be logged in at that time) from 128.91.16.155 (directory /home/oth/exe/oltas_inst_15 userid/password : oth/tin#oth) OLTS1R15_8i.fmx (for Oracle database 8i) or OLTS1R15_7.fmx (for Oracle database 7.3.4).
3. All the files available in the above directory and executables may be copied in the file server. Files with the same name should be renamed/backed up.

4. It is requested to give feedback latest by 22^th August 2005 whether the OLTAS Instruction No. 15 has been implemented or not. This Instruction has to be implemented by all computer centres. It may please be ensured that OLTAS Instruction No. 14 has been implemented before this Instruction is implemented.                                                                        

                                                                                                Yours faithfully,

-Sd/-

(S.S. KHAN)

Director of Income-tax (Systems)