Saturday 16 July 2022

Theater command

https://timesofindia.indiatimes.com/india/creation-of-a-separate-air-defence-command-may-prove-counterproductive-iaf-chief/articleshow/92907816.cms

CAS is neither able to see future war set up not able to project the issue correctly. Only harping like his predecessors to have control on Air Force.
What he projected 
A) Be operationally unwise to divide its “limited air assets” like just 32-33 fighter squadrons, six mid-air refuelling aircraft, three AWACS and two AEW&C aircraft among the different theatre commands.
What should have been projected 
A) Projection is limited should have mentioned as threat perception is on three fronts & aid in domestic front . The present resources ars adequately short & insufficient 
B) Further splitting the depleted source will make Air Force a sitting duck & will violate principle of war of concentration
C) Decentralisation will have not only command & control problem but overlap of operational decision .
E)The delay in air space due to dual role will be disaster & element of surprise will be list.
F)It will be easier for enemy to strike at will with further depletion of resources

Recommendations
A)Note my post 6 years back mentioned WW3 will start from space & cyber war 
B) Mentioned about theater commands but not this way as being done
C) Set up seprate Space command dovetailed with Air command . Induct ISRO & missile scientist in order to fight in space & cyber warfare.
D)Boost Air force with latest ac for long-term interdiction, Air fueling  , missiles for space & deep strike .
E)Make Air force responsible for air space on all fronts including sea.
F)Navy theater command should be under CNS & Land theater commands should be Army . Boost Army with tactical nuclear weapons, Armed heptrs & aircrafts for short term interdiction so that minimum reliance on aid from air power for short term interdiction.
G) Theater cdr should be thus have independent resources to complete the mission 

H) To over come shortages PSU should work on war footings to meet the requirements 
J) Shortage of money can be off set by getting money lying with UNO of peace mission done by Armed Forces.

UNITED NATIONS: The United Nations owes India USD 38 million, the highest it has to pay to any country, for the peacekeeping operations as of March 2019, UN Secretary General Antonio Guterres has said as he voiced concern over the world body's deteriorating financial health 16 April ,2019 ToI

Wednesday 6 July 2022

INCOME TAX AS YEAR 2021-22

 INCOME TAX FOR FY-2021-22 AND FILING RETURNS FOR FY 2020-21 (CURRENT FILING BY DEC 2021)

  There is no change either in Income tax slabs or the Tax Rate to what has been for the previous year ie FY - 2020-21. As such, it is necessary to refresh the slabs and the rates of the previous year and the Regimes,  Old Vs the New Regime. We are pleased to include the same in this post. 

          Beginning in 2021 all ITRs will be filed on the new portal of the Income Tax Department which is fully live wef 20th Sep 2021 (it had problems from 7th Jun 21 onwards after the launch) 

https://incometax.gov.in  replacing the old portal https://incometaxindiaefiling.gov.in 

    The Income tax Department has eased the return filing by us. 

Watch the detailed video placed in this portal as you proceed reading further for introduction. 

  There is only one change in the Budget 2021 that Assesses above 75 Years of age who have no other income than their Pension and Bank Interests have been exempted to file their income tax returns subject to few conditions.

In their case the bank will work out the tax liability based on the pension and the Interest from FDs etc and deduct the tax as per slabs and submit the same to the IT Dept. The details of various terms and conditions  for Senior Citizen above 75 yrs of age to enjoy the exemption in filing ITRs are given at the end of this post.

  In addition to the above the dividends received on equity shares will be taxed as normal income. Few other changes in Resident new status and subscription to EPF do not effect us as such not being elaborated in this post.
  
  The senior assesses of 75 years and above  will have to file a declaration to the specified bank.  One who does not meet the conditions, will be required to file the return as hither to fore. 

It is estimated that a large number of pensioners will be benefitted who just have only one bank account in the specified bank.

   We hope that family pensioners will also be covered under this scheme. The doubt has arisen since Family Pension is considered under the IT Act as Income from other sources. 

   In view of the above we are of the opinion that we as Veterans will need to file our returns either under the old regime or the new regime as per the most beneficial option to be arrived at as stated in the Worked Out Example in the succeeding paragraphs.


NEW PORTAL OF INCOMETAS FOR EFILING


Please watch this detailed video