Shimla, April 18 (IANS) Facing financial challenges, the Congress government in Himachal Pradesh on Saturday implemented a decision to temporarily defer a portion of the salaries of public representatives, comprising the Chief Minister, ministers, and lawmakers, for six months. Following the Governor’s approval, the Chief Secretary issued a notification. Under this notification, 50 per cent of the Chief Minister’s salary, 30 per cent of the salaries of the Deputy Chief Minister, Ministers…
Latest income tax News & Updates
Bengaluru, April 10 (IANS) The Special Investigation Team (SIT) has concluded its probe into the high-profile suicide case of Confident Group Founder and Chairman C.J. Roy, which occurred during Income Tax (IT) raids at his Bengaluru office. Officials have concluded that Roy died by suicide due to depression, officials stated on Friday.The government had handed over the investigation to the SIT following allegations that pressure from Income Tax (IT) officials had led to Roy’s death.However, t…
Chandigarh, March 29 (IANS) Senior officials of the Narcotics Control Bureau (NCB) from Punjab, Haryana and Chandigarh met here to monitor key cases, discuss strengthening of financial investigations and inter-agency coordination, an official said on Sunday.The meeting was a part of the NCB’s quarterly exercise of regional meetings to promote data-driven enforcement and promote multi-agency investigation, said the official in a statement.In a message on X, the NCB said, “The meeting reviewed…
Bhopal, March 13 (IANS) A shocking incident unfolded in Madhya Pradesh’s Dhar district, around 50 km from Indore, where a group of people posing as Income Tax (IT) officers barged into the house of a contractor and escaped with cash and jewellery on Friday.According to information, the incident occurred around 11 a.m. when a group of people arrived at contractor Rajkumar Malvi’s house located in Dhar, posing as Income Tax officers.According to the police, the unidentified men told the family…
Navi Mumbai, March 5 (IANS) Teenage sensation Vaibhav Suryavanshi blazed 58 off just 19 balls to power DY Patil Blue into the semi-finals of the 20th DY Patil T20 Cup with a four-wicket win over Income Tax in the quarter-finals held at the DY Patil University ground. Suryavanshi struck four boundaries and six sixes as he provided the early impetus for DY Patil Blue to chase down Income Tax’s imposing total of 211/6 with an over to spare. Captain Shashank Singh also chipped in with seeing the tea…
Mumbai, March 4 (IANS) Shares of Polycab India Limited ended lower on Wednesday after the company said it has received an income tax demand of Rs 327.45 crore for the assessment year 2024-25. The order was issued by the Office of the Deputy Commissioner of Income Tax, Mumbai, and was received by the company on March 3, 2026.The demand follows an assessment order that includes disallowances and additions amounting to Rs 41.87 crore.However, Polycab said that after consulting its tax advisors, it …
Navi Mumbai, Feb 27 (IANS) India batters Rahul Tripathi and Shreyas Iyer’s efforts went in vain as they could not prevent BPCL from suffering a narrow two-wicket defeat at the hands of Income Tax in the DY Patil T20 Cup at DY Patil Stadium in Nerul on Friday.After being put into batting first, BPCL posted 151/8 in their 20 overs. Tripathi top-scored with 48 off 37 balls with four boundaries and two sixes. He also shared a 62 run fifth wicket stand with left-arm spin bowling all-rounder Anukul …
Navi Mumbai, Feb 25 (IANS) Left-handed batting duo Mahipal Lomror and Anuj Rawat powered Income Tax to a six-wicket win over Bank of Baroda in the 20th DY Patil T20 Cup game held at the DY Patil Stadium in Nerul on Wednesday.Chasing 164/5 posted by Bank of Baroda, batting all-rounder Lomror and wicketkeeper-batter Rawat shared a 119-run stand for the second wicket to set up the victory for Income Tax side in the tournament seen as more of a preparatory tournament for the upcoming IPL season.Lomr…
Navi Mumbai, Feb 24 (IANS) Mumbai wicketkeeper batter Hardik Tamore’s brilliant knock of 85 went in vain as Route Mobile went down by eight runs in the contest against DTDC in the 20th DY Patil T20 Cup at the University Ground in Nerul, Navi Mumbai on Tuesday. But the talking point of the day was Shreyas Iyer’s golden duck in BPCL’s afternoon encounter against Bank of Baroda.After being asked to bat, DTDC posted 182 for nine in their 20 overs. In their response, Route Mobile fell short by …
Navi Mumbai, Feb 23 (IANS) India’s 2024 T20 World Cup winner Yuzvendra Chahal began the 20th edition of the DY Patil T20 Cup in fine style as he starred in Income Tax’s seven wicket win over Reliance on the opening day at the DY Patil Stadium in Nerul, Navi Mumbai on Monday.Chahal’s 4-11 helped Income Tax restrict Reliance to just 131 for nine in their 20 overs. The chase was fashioned by an unbeaten 31 by Venkatesh Iyer, who also picked up a wicket with his medium-pace.In the other mornin…