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Asset declaration - last date extended to April 2015


25 Dec, 2014 11:35p.m.

Central government has extended the deadline for the employees to file details of their assets and liabilities under the Lokpal rules by four more months, till April 2015. The Department of Personnel and Training (DoPT) today extended the date, from this month-end, to April 30, 2015 for filing the property returns. 

For the current year, the last date for filing these returns was September 15, which was later extended to December-end and now till April 30, 2015. 

The formats for submission of statement regarding movable properties and for submission of statement regarding debts and liabilities are also being revised and will be notified.

The move comes following concerns raised by some bureaucrats regarding putting details of their assets and liabilities, including that of their family members, in public domain. The view was that this may be used by antisocial elements for demanding ransom and other criminal activities.

As per the rules, every public servant shall file the returns of his assets and liabilities, including that of his spouse and dependent family members, on March 31 every year on or before July 31 of that year.

The declarations under the Lokpal Act are in addition to similar ones filed by the employees under various services rules.

All Group A, B, and C employees are supposed to file a declaration under the new rules. There are about 26,29, 913 employees in these three categories, as per the government's latest data.

The existing form for filing this return has fields for mentioning details of cash in hand, bank deposits, investment in bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund, personal loans and advance given to any person or entity, among others.

The employees need to declare motor vehicles, aircraft, yachts or ships, gold and silver jewellery and bullion possessed by them, their spouses and dependent children.

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