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TMI BlogAccounting of receipts of direct taxes.X X X X Extracts X X X X X X X X Extracts X X X X ..... containing the date of the main scroll is being put in some charges on the challans to facilitate control over their distribution by the CTUs. The question arose as to whether the rubber stamp containing the Month of Account should be in addition to this stamp. Clarification: The Month of Account stamp is very essential to the modified system for ensuring complete and detailed accounting of all the challans. There would, however, be no objection if a single stamp containing both the Month of Account and the date of the main scroll is affixed on each challan. It has to be ensured that the main scroll of the preceeding month, if received after the cut off date, should bear the next month of account stamp and should be accounted for in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . mean posting in the CDCRs/CRDRs ITO-wise ? Clarification : No. It does not mean that the entries have to be made in separate ITO-wise CDCRs/CRDS. Segregation ITO-wise, before their entry would, by and large, indentify challans not pertaining to a particular DCU. After such segregation, entry should be made by DCU in only one set of CDCR/CRDR. Point : 6 In certain Cs.I.T. charges (e.g. CIT Kerala) the LTUs do not distribute the challans direct to the ITOs, but send them to circles(s) incharge of an IAC(s) who in turn send the same to the ITOs. In such cases, the Central DCRs can be maintained only in the circles and not at the level of the LTUs. Is there any objection in following this practice ? Clarification : No. There is no objec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly classify the challans at the time of their entry in the Central D.C.Rs. The knowledge can be updated by supplying the list of company assessees under the particular DCU/LTU. Some orientation lectures may also be arranged for such staff about correcting the classification on the challans. Even, so, any corrections subsequently intimated by the individual ITOs should be carried out by the DCUs/ITUs but the monthly compilation of detailed accounts as per the Central DCRs should not be delayed on this account. Such chances of misclassification can also be minimised by associating the ITOs or their staff to the extent possible at the time of making entry in the Central DCRs by the DCUs/LTUs. Para 5(k) of the 1979 O.M. Point No.9 How will i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in turn submits the accounts to the C.C.A. and the Controller General of Accounts (CGA). So far as the managerial and budget statements (I.T.N.S.71) furnished by each Commissioner to the Board are concerned, the CIT should include in their reports only the net collection figures pertaining to this charge. Thus, the monthly telegraphic report from the CIT to the Board will be worked out as under- (a) Total collections as per bank scrolls for the month; (b) Less collections pertaining to other Commissioner's charges (transfers out-ward); (c) Balance; (d) Add: collections transferred by other Commissioners charges as and when received from them (transfers inward); (e) Total net collections for the CIT charge. Similar adjustments shou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red in the collection figures as shown in the proforma account (Column 6). The chalans pertaining to the same Zone would not require similar treatment as they would have already been included in the detailed accounts of the same zone by the Designated Officer receiving them initially. Point No.12 What will be the procedure to be adopted for transmission of "accounted for" challans/refund advices ? Clarification : The challans/refund advices which have been entered in the Central DCRs/CRDRs by any accounting unit will be forwarded by means of a forwarding letter (Annexure XXIII of the DOMS booklet) and the procedure outlined in part VIII of the DOMS booklet followed mutatis mutandis. The revised form of annexure XXIII is also enclosed as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... procedure from 1.1.80 to 31.3.80. Will this not create confusion in accounts ? Clarification: While most of the changes are of an administrative nature and the accounting change is mainly in respect of transfer challans only, there should be no difficulty in following the new procedure in respect of the challans pertaining to the main scrolls bearing the date 1.1.80 and onwards. However, the transfer chalans pertaining to the earlier period received in January '80 and later months' accounts will have to be accounted to as per the old procedure only. It is also mentioned that the existing procedure already prescribed in the 'System of Accounting for Direct Receipts and Refunds' issued by DOMS and 'Departmentalised Accounting System for D ..... X X X X Extracts X X X X X X X X Extracts X X X X
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