The Income Tax department has so far recovered over Rs 200 crore cash during a series of raids on an Odisha-based distillery group on charges of tax evasion.
The Odisha-based liquor firm, on premises of whom the Income Tax department conducted raids and has so far found cash over Rs 200 crore, has alleged links with Jharkhand Rajya Sabha MP Dhiraj Prasad Sahu.
According to the officials, searches were conducted at Bolangir & Sambalpur in Odisha and Ranchi, Lohardaga in Jharkhand.
Vodafone Idea had filed a petition, asserting the excess tax paid, leading the court to express concern about the assessing officer's apathy.
Kharge also predicted that Bhupesh Baghel would reclaim the position of Chief Minister in Chhattisgarh. He accused the BJP of dividing people along religious lines for votes and criticised Modi for allegedly stating that celebrating festivals in Chhattisgarh is difficult.
In an address read out by his son and Tamil Nadu Youth Welfare Minister Udhayanidhi Stalin, the Chief Minister stated that these actions were a response to the DMK's efforts to expose the BJP's "anti-people" stance.
Thе govеrnmеnt has introduced sеvеral mеasurеs to еncouragе homе ownеrship, making it morе affordablе for first-timе buyеrs.
Karnataka news: Former Karnataka CM said that the Contractors Association made baseless allegations against the previous govt and now the same association is working as the govt's commission collection center. He said that the contractors and the govt were jointly looting the state.
Chhattisgarh news: CM Baghel said that if govt at Centre or National Mineral Development Corporation is unable to operate the Nagarnar Plant, then the plant should be handed over to the state govt for operation.
The online application process for recruitment in the income tax department is currently open for those who wish to apply through the sports quota. This is an opportunity to become an Income Tax Inspector, Tax Assistant, or Multi-Tasking Staff. Applications are being accepted starting from today.
The amended rules also retained the five new valuation methods proposed in the draft rules for consideration received from the non-residents.
Azam Khan News: Income tax raid on Samajwadi Party leader Azam Khan in UP
The newly designed website has undergone an aesthetic makeover with a mobile-responsive layout. It introduces a 'Mega Menu' for content, accompanied by fresh features and enhanced functionalities.
Income Tax New scheme, File ITR Now, Pay Tax Later
As per the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) might be relevant in the event that the total premium paid by an individual depends on Rs 5 lakh a year.
The collection is 32.03 per cent of the total budget estimates of direct taxes for the current fiscal 2023-24.
85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
The filing of ITRs peaked on July 31, 2023, with over 64.33 lakh ITRs being filed on a single day.
Income Tax Return: The number of ITRs filed has exceeded the number of returns filed last year till July 31, according to government data.
Filing the Income Tax Return (ITR) on time is crucial to avoid penalties under Section 234F of the Income Tax Act, 1961. If someone forgets to file the ITR, they may attract a penalty of Rs 5,000 when filing a belated ITR.
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