Union Government extended deadline for employees to file details of assets
Government extended deadline for Central Government employees to file details of their assets and liabilities from 15 September to 31 December 2014.
Union Government on 8 September 2014 extended the deadline for Central Government employees to file the details of their assets and liabilities till 31 December 2014. The previous date for filing the details was 15 September 2014.
As mandated in the Lokpal Act, 2013 the employee of the Central government needs to file the details of assets of their spouses and dependent children.
The date was extended because some government officials highlighted difficulties that were being faced by them in filing these returns.
The Department of Personnel and Training (DoPT) notified extension of the date under the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Amendment Rules, 2014.
Public Servant (Furnishing of Asset Information) Amendment Rules, 2014
Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Amendment Rules, 2014 was notified under the Lokpal and Lokayuktas Act, 2013.
As per the new rule, the employees of the Central government needs to mention details like, cash in hand, bank deposits, investment in bonds, debentures, shares and units in companies or mutual funds, provident fund, insurance policies, personal loans and advance given to any person or entity and others.
The employees also have to declare details of motor vehicles, aircraft, yachts or ships, gold and silver jewellery and bullion possessed by them, their spouses and dependent children.
The rules also says that the competent authority can/may exempt the public servant from filing information in respect of any asset if its value of any asset of its value does not exceed his or her four months’ basic pay or 2 lakh rupees, whichever is higher.