Chennai, April 21 (IANS) The Income Tax Department has informed the Madras High Court about apparent inconsistencies in the election affidavits of Udhayanidhi Stalin, particularly concerning investments, loans, and financial disclosures across the 2021 and 2026 Assembly polls.In a counter-affidavit filed before the court, the Department stated that an investment of ₹7.36 crore in Red Giant Movies, disclosed by Stalin in his 2021 affidavit, does not appear in his 2026 declaration.At the same ti…
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Chennai, April 21 (IANS) With just days remaining for polling in the Tamil Nadu Assembly elections scheduled on April 23, election authorities have significantly intensified enforcement measures, leading to the seizure of large quantities of cash, gold, narcotics, liquor, and other inducements across the state. Officials stated that seizures made as part of the ongoing crackdown have crossed ₹1,200 crore so far. This includes more than ₹500 crore worth of cash and valuables confiscated direc…
Chennai, April 20 (IANS) The Madras High Court on Monday issued notices on a petition seeking an investigation into alleged inconsistencies in the assets declared by Tamilaga Vettri Kazhagam (TVK) chief Vijay in his nomination affidavits for the 2026 Tamil Nadu Assembly elections. A Division Bench comprising Chief Justice S A Dharmadhikari and Justice G Arul Murugan issued notices to Vijay, the Director General of Income Tax (Investigation), the Election Commission of India, and the Returning Of…
Kolkata, April 18 (IANS) West Bengal Chief Minister and Trinamool Congress (TMC) supremo Mamata Banerjee on Saturday alleged that the Election Commission of India (ECI) has planned “slow polling” and “slow counting” during the forthcoming two-phase Assembly elections in the state to frustrate TMC polling and counting agents.“The ECI has plans of ‘slow polling’ and ‘slow counting’ this time. Initially, information will be spread that the Trinamool Congress is trailing in most of…
Kolkata, April 17 (IANS) The Income Tax (I-T) Department officials on Friday started raid and search operations at the residence of Miraj Shah, one of the four proposers for the nomination of West Bengal Chief Minister Mamata Banerjee as the Trinamool Congress candidate from the Bhabanipur Assembly constituency in Kolkata in the upcoming Assembly elections in the state. In her nomination from Bhabanipur this time, Mamata Banerjee chose four proposers from four linguistic backgrounds, keeping the…
Kolkata, April 17 (IANS) A team of Income Tax (I-T) Department officials, heavily escorted by central armed police forces (CAPF) personnel, have started conducting raid and search operations at the residence of a local Trinamool Congress leader Kumar Saha at Kalighat in Kolkata, which is close to the official residence of the West Bengal Chief Minister Mamata Banerjee, on Friday. The I-T department action is part of investigation in the same illegal land-grabbing related money laundering case ov…
Kolkata, April 17 (IANS) The Enforcement Directorate (ED), heavily escorted by Central Armed Police Force (CAPF) personnel, on Friday was conducting raids and search operations in around five locations in and around Kolkata in connection with a multi-crore illegal land-grabbing case.Incidentally, the ED operations are taking place simultaneously with similar raid and search operations being conducted by the Income Tax Department officials at the residence and electoral camp office of Debasish Ku…
Kolkata, April 17 (IANS) The officials of the Income Tax Department, heavily escorted by the Central Armed Police Forces (CAPF), were on Friday conducting simultaneous raids and search operations at several locations linked to Trinamool Congress legislator Debasish Kumar.Kumar is also the Member-Mayor-in-Council (MMIC) of the Kolkata Municipal Corporation (MMIC). The raids are being conducted at his residence and electoral camp office in South Kolkata in connection with an illegal land-grabbing …
Chennai, April 15 (IANS) In a significant development ahead of the Assembly elections, the Madras High Court on Wednesday directed the Income Tax Department to conduct a preliminary probe into alleged discrepancies in the asset declarations of Udhayanidhi Stalin and submit a report within a tight deadline. A First Division Bench comprising Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan instructed the Director General of Income Tax (Investigation) to place a report before …
New Delhi, April 14 (IANS) The Income Tax Department has introduced Form 141, a consolidated challan‑cum‑statement that replaces four separate TDS forms for different types of transactions.The new form merges Form 26QB, Form 26QC, Form 26QD and Form 26QE, which were earlier used for filing TDS on property purchases, TDS on rent, TDS on payments to contractors or professionals and TDS on transfer of virtual digital assets respectively.Under the revised rules, Form 141 must be used to report a…