Chennai, June 3 (IANS) The Madras High Court has dismissed a petition seeking a direction to the Income Tax Department to investigate AIADMK General Secretary and Leader of Opposition Edappadi K. Palaniswami over allegations that he concealed details of his assets and income in his election nomination papers.Palaniswami, who successfully contested the Edappadi Assembly constituency in the recently concluded Tamil Nadu Assembly elections and was sworn in as a Member of the Legislative Assembly, h…
Latest Income Tax Department News & Updates
Mumbai, June 2 (IANS) Amid the raging controversy over the exclusion of 80 lakh women beneficiaries from the Mukhyamantri Majhi Ladki Bahin Yojana, Maharashtra Chief Minister Devendra Fadnavis on Tuesday revealed startling discrepancies uncovered during a recent Know Your Customer (KYC) exercise and database verification drive.He was speaking to reporters after the weekly Cabinet meeting held on Tuesday.When the Mukhyamantri Majhi Ladki Bahin Yojana was initially launched, the Maharashtra govern…
Bhuj, May 30 (IANS) Union Home Minister Amit Shah on Saturday directed authorities in Gujarat’s border districts to adopt a zero-tolerance approach towards unauthorised encroachments, strengthen action against illegal infiltration and financial crime networks, and closely monitor demographic changes, which he described as the most serious challenge facing border regions. Shah was chairing a high-level security review meeting in Bhuj on issues concerning Gujarat’s border and coastal districts alo…
Hyderabad, May 27 (IANS) Government Railway Police (GRP), along with Railway Protection Force (RPF) personnel, seized hawala money worth Rs 1.22 crore and busted a Rs 41.5 lakh drug racket in two separate operations, officials said on Wednesday.GRP and RPF personnel from Secunderabad seized Rs 1,22,70,000 from a man who was allegedly transporting hawala money from Mumbai to Hyderabad on the Devagiri Express.Vijay Ambadas Gupta, a resident of Maharashtra’s Amravati district, was apprehended dur…
New Delhi, May 27 (IANS) The Enforcement Directorate (ED) on Wednesday conducted searches at nearly 10 locations linked to Cochin Minerals and Rutile Limited (CMRL), its top executives, and Kerala former Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan, following a recent Kerala High Court order upholding the agency’s money laundering investigation in the alleged corporate fraud case involving the company.Officials said documents related to investments and bank fixed deposits were se…
Gandhinagar, May 26 (IANS) The Gujarat government on Tuesday cleared a significant financial and policy measure for the cooperative sugar sector while also opening registration for farmers to sell summer moong at the Minimum Support Price (MSP), bringing combined relief measures for more than two lakh farmers and cooperative institutions across the state. Announcing the decision, Agriculture and Cooperation Minister Jitu Vaghani said: “The state government has granted official approval to sugarc…
Jaipur, May 18 (IANS) In one of Rajasthan’s largest financial crackdowns against narcotics traffickers, the Baran Police has launched massive action under “Operation Vajra Prahar”, targeting properties and bank assets allegedly acquired through the drug trade. Acting under Section 68-F of the Narcotic Drugs and Psychotropic Substances Act, police have initiated proceedings to permanently freeze movable and immovable assets worth approximately Rs 5.82 crore linked to alleged narcotics smugg…
New Delhi, May 15 (IANS) Union Parliamentary Affairs Minister Kiren Rijiju on Friday backed the BJP’s demands for clarity on the “funding” of Leader of Opposition (LoP) Rahul Gandhi’s foreign trips as well as the “unaccounted” income that was being spent on facilitating the same. Speaking to the media, Rijiju also stated the ‘opaqueness’ around certain foreign visits by the Congress MP was worrisome as it amounted to a violation of Parliamentary protocols.“The questions being r…
New Delhi, May 15 (IANS) The Income Tax Department on Friday said that it enabled the filing of Income Tax Returns (ITRs) for the financial year 2025-26 (assessment year 2026-27) with the release of Excel utilities for ITR-1 and ITR-4 forms on e-filing portal.Announcing the update on social media platform X, the department said taxpayers can now access both the Excel utility and online filing options for the two forms.With the announcement of the offline utilities, the ITR filing process for AY …
Chandigarh, May 9 (IANS) Punjab Chief Minister Bhagwant Mann on Saturday slammed the Bharatiya Janata Party-led Central government over repeated Enforcement Directorate raids on Aam Aadmi Party leaders, asserting that Punjab would never surrender before “politics of intimidation and vendetta” being carried out through central agencies. Pointing out that the Enforcement Directorate had raided Sanjeev Arora’s residence three times within a year and twice within a month without recovering …