TIOL-DDT 2433 · Tuesday, 9 September 2014 · story 4 of 6

Babus get more time to file Return of Assets

GOVERNMENT has notified the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the limits for Exemption of Assets in Filing Returns) Rules, 2014 under the Lokpal and Lokayuktas Act, 2013 on 14.07.2014.

As per the Act and the Rules framed thereunder, every public servant shall file declarations, information or return as the case may be regarding his assets and liabilities as on the 31st day of March every year to the competent authority, on or before the 31st day of July of that year. As per Section 2 of the Act, "Public Servant" covers all Central Government servants (Groups A, B and C). Therefore, all Central Government servants are required to file the declaration, including the lowest.

The returns as per the new rules are to be filed on or before the 15th day of September 2014 for the year 2014.

Now this date is extended till 31st day of December 2014.