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Raipur, Jul 18 (PTI) The Enforcement Directorate (ED) conducted fresh searches at the premises of former Chhattisgarh chief minister Bhupesh Baghel as part of an alleged liquor scam linked to a money laundering investigation against his son Chaitanya Baghel on Friday, official sources said. Baghel's home in Bhilai town of Durg district, which the father-son duo share, was raided by the ED under the Prevention of Money Laundering Act (PMLA) following receipt of fresh evidence in the case, they s ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from th ...Read More >
Raipur (Chhattisgarh) [India], July 18 (ANI): The Enforcement Directorate (ED) on Friday conducted raids at the premises of Chaitanya Baghel, son of former Chhattisgarh Chief Minister Bhupesh Baghel, in connection with the ongoing investigation into the alleged multi-crore liquor scam in the state. The searches are part of the agency's broader crackdown on suspected money laundering and irregularities linked to the multi-crore scam. Also Read | Stocks To Buy or Sell Today, July 18, 2025: Hitac ...Read More >
Raipur (Chhattisgarh) [India], July 18 (ANI): The Enforcement Directorate (ED) on Friday conducted raids at the premises of Chaitanya Baghel, son of former Chhattisgarh Chief Minister Bhupesh Baghel, in connection with the ongoing investigation into the alleged multi-crore liquor scam in the state. The searches are part of the agency broader crackdown on suspected money laundering and irregularities linked to the multi-crore scam. Following the raids, Bhupesh Baghel office posted on X, ED has ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
India's tax engine is revving harder than ever. But are there enough drivers? India's tax system has undergone significant improvements in recent years. Taxpayers are paying advance tax on time and receiving refunds as early as seven days after filing their returns. But while India's tax engine is revving harder, are there enough drivers? Finance Minister Nirmala Sitharaman, in a conclave with the principal chief commissioners of the Central Board of Direct Taxes on June 23, said that the gove ...Read More >
The Income-Tax Department has found organised rackets operated by some returns preparers and intermediaries across the country, filing income-tax returns (ITRs) on behalf of their clients -- including employees of multinational companies, public sector firms, government bodies, academic institutions, and entrepreneurs -- to fraudulently claim exemptions and refunds, the Finance Ministry said. The department is now poised to take stern action against continued fraudulent claims, including penalt ...Read More >
* Tax, Legal & Accounting * 1 min read I-T dept conducts raids in bogus tax deductions case The Income-Tax Department initiated multi-city raids targeting entities facilitating bogus deductions in tax returns. The investigation focuses on false claims related to political donations, medical insurance, tuition fees, and certain loans. This action follows the discovery that some taxpayers didn't correct their ITRs despite the department's outreach under the NUDGE campaign. New Delhi, The Income ...Read More >
New Delhi [India], July 14 (ANI): The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on Monday, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). This action follows a detailed analysis of the misuse of tax benefits under the Income-tax Act, 1961, often in collusion with professional intermediaries, as per a statement from Central Board of Direct Taxes. Also ...Read More >
New Delhi [India], July 14 (ANI): The Income Tax Department is conducting raids on more than 200 locations, in connection with false deductions under various heads, including political donations, tuition fees, and medical expenses, sources told ANI. This stern action from the Income Tax Department came after they found several bogus bills claimed by several intermediaries under section 80GGC. This section of the Income Tax Act offers taxpayers a deduction for donations made to political parties ...Read More >
New Delhi: Income Tax refunds have jumped 474% in the last 11 years to Rs 4.8 lakh crore in 2024-25, significantly outpacing the 274% growth in gross tax collections, sources said on Sunday. Also, there has been an 81% decrease in number of days it takes to issue income tax refunds, decreasing from 93 days in 2013 to just 17 days in 2024. As of 2013-14, the last year of the UPA rule, refunds issued by the Income Tax department were at Rs 83,008 crore. Whereas, at the end of 2024-25, the 11th ye ...Read More >
New Delhi, July 13 (SocialNews.XYZ) The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a mere 17 days in 2024, reflecting the increased efficiency in the system on the back of rising digital infrastructure that enables faceless online disbursals. The introduction of pre-filled returns, automation in refund processing, real-time TDS adjustments and online grievance redress mechanisms has led t ...Read More >
New Delhi: More than 1.16 crore Income Tax Returns (ITRs) have already been filed for Assessment Year 2025-26, and over 1.09 crore have been verified. However, many taxpayers are still awaiting their refunds, leading to widespread concern. Why Refunds Are Getting Delayed This Year According to CA Dr. Suresh Surana, multiple procedural and technical reasons are causing the delay. One major issue is that ITR utilities -- used to file tax returns -- were released much later than usual. ITR-1 and ...Read More >
Dehradun, Jul 11 (PTI) Uttrakhand Police recovered dynamite weighing 125 kg from a car in the Tyuni area of Dehradun district and arrested three people in this regard, an official said on Friday. Dehradun Senior Superintendent of Police (SSP) Ajay Singh said that on Thursday, the police stopped an Alto car with a Himachal Pradesh registration number while conducting a checking drive ahead of the panchayat elections in the state. Also Read | ITR Filing FY2024-25: Attention Taxpayers! ITR-2 and ...Read More >
New Delhi, Jul 11 (PTI) Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company's business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per cent of the total fundraise, while the remaining amount will be infused by The Hindustan Times Ltd, investors Ashish Dhawan, ...Read More >
Mumbai, Jul 11 (PTI) Italian fashion major Prada on Friday expressed its intention to launch a Kolhapuri-inspired collection in partnership with local artisans, an industry grouping has said. Maharashtra Chamber of Commerce, Industries and Agriculture, which held a virtual meeting with senior Prada officials earlier in the day, said a technical expert team from the Italian fashion brand will be visiting India next week to identify local supply chain partners for Kolhapuri chappal. Also Read | ...Read More >
New Delhi, Jul 11 (PTI) Avenue Supermarts Ltd on Friday reported a marginal decline in consolidated net profit to Rs 772.81 crore in the first quarter ended June 30, 2025, impacted by higher expenses. The company, which runs supermarket chain under the brand DMart, had posted a consolidated net profit of Rs 773.68 crore in the April-June quarter last fiscal, Avenue Supermarts Ltd said in a regulatory filing. Also Read | ITR Filing FY2024-25: Attention Taxpayers! ITR-2 and ITR-3 Utilities Relea ...Read More >
Jaipur (Rajasthan), Jul 11 (PTI) Residents are struggling with severe traffic congestion in Ajmer after the closure of the Ramsetu Bridge following a court order on Wednesday. A local court ordered the shutdown of the elevated road after a PIL by two residents questioned the structural integrity of the bridge and raised concerns about technical flaws in the bridge's design. Also Read | ITR Filing FY2024-25: Attention Taxpayers! ITR-2 and ITR-3 Utilities Released by Income Tax Department, Here ...Read More >
Mumbai, Jul 11 (PTI) India's forex reserves dropped by USD 3.049 billion to USD 699.736 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 4.849 billion to USD 702.784 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. Also Read | ITR Filing for FY2024-25: ITR-2 and ITR-3 Excel Utilities Released by Income Tax Department, Here Are Key Things To Know for Taxpayers. For th ...Read More >
Mumbai, July 11: The Income Tax Department has officially released the Excel-based utilities for ITR-2 and ITR-3 forms for the Assessment Year (AY) 2025-26, enabling individuals with more complex income sources, including capital gains, cryptocurrency, and professional income, to begin filing their tax returns. The announcement was made via the department's official X, formerly Twitter, handle, saying, "Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and avail ...Read More >
A Trinamool delegation had held a demonstration outside the Election Commission office against the alleged misuse of central agencies by the BJP government. A Delhi court on Thursday discharged 10 Trinamool Congress leaders including MPs Derek O'Brien, Sagarika Ghose and Saket Gokhale in a case related to a protest outside the Election Commission's office last year despite prohibitory orders being in place, PTI reported. The order was passed by Additional Chief Judicial Magistrate Neha Mittal ...Read More >
New Delhi, Jul 10 (PTI) A Delhi court on Thursday discharged 10 TMC leaders, including Derek O'Brien, Sagarika Ghose and Saket Gokhale, in a case linked to a protest outside the Election Commission of India despite prohibitory orders being in place last year. Additional chief judicial magistrate Neha Mittal said, "All accused persons are discharged under Sections 188 (disobedience of order duly promulgated by public servant), 145 (joining or continuing in unlawful assembly, knowing it has been ...Read More >
MUMBAI : The annual information statement (AIS), introduced by the Income Tax Department to enhance transparency, is instead creating hassles for taxpayers by reporting incorrect incomes, according to chartered accountants. Introduced in 2021, the AIS gives a snapshot of financial transactions -- ranging from securities and mutual funds to property deals and fixed deposits -- during a fiscal year, sourced from multiple reporting entities such as banks, registrars, depositories, and sub-registra ...Read More >
Bengaluru : In a first for India's tax-tech landscape, ClearTax, the country's leading tax filing platform by fintech company Clear, today announced the nationwide launch of ClearTax AI - a personal, multilingual AI-powered tax assistant designed to make Income Tax Return (ITR) filing accessible, simple, and stress-free for every Indian, regardless of income source, geography, or digital fluency. Tax filers can now file their taxes in under three minutes simply by chatting in their preferred la ...Read More >
Mumbai, July 7: In a sharp political standoff over Bihar's ongoing Special Intensive Revision (SIR) of electoral rolls, the Election Commission of India (ECI) has responded to claims made by Congress President Mallikarjun Kharge, calling them "misleading." Kharge alleged that the voter verification drive would exclude millions, especially the poor and marginalised, by making document submission mandatory. He also accused the BJP and RSS of orchestrating a conspiracy to "crush democracy" by denyi ...Read More >
New Delhi, Jul 6 (PTI) Union minister Ashwini Vaishnaw on Sunday paid his tributes to Bharatiya Jan Sangh founder Syama Prasad Mookerjee on his birth anniversary and said his vision of inclusive development reflects in the BJP-led Centre's policies. The railway minister paid a visit to the Sangh ideologue's statue in Dr Syama Prasad Mookerjee Park at Delhi Gate and placed flowers there. Also Read | Jharkhand: One Dead, 4 Injured As Tazia Touches High-Voltage Wire During Muharram Procession in ...Read More >
Thiruvananthapuram (Kerala) [India], July 6 (ANI): British F-35B fighter jet, stuck at Thiruvananthapuram International Airport for nearly three weeks was towed to the Air India hanger on Sunday after a technical team arrived from the UK to assess any damage to the aircraft and attempt to take the aircraft back, according to Defence sources. British Royal Air Force's Airbus A400M Atlas also took off from Kerala's airport after dropping off a technical team of experts to assess the aircraft. Al ...Read More >
A Delhi court has declared UK-based arms consultant Sanjay Bhandari a fugitive economic offender following a request from the Enforcement Directorate. Bhandari, accused of money laundering, reportedly fled to the UK in 2016. Despite India's efforts to extradite him, a UK court recently rejected the plea, further complicating the legal proceedings against him.A Delhi court on Saturday declared UK-based arms consultant Sanjay Bhandari a fugitive economic offender on an Enforcement Directorate plea ...Read More >
New Delhi: London-based arms middleman Sanjay Bhandari, wanted in multiple cases by the Indian agencies, was declared a "fugitive economic offender" (FEO) by a Delhi court on Saturday based on a request by the Enforcement Directorate (ED), a development which officials said will allow the federal agency to confiscate his properties anywhere in the world and bar him from filing or defending any civil proceedings in India. The court ruled that extradition attempt of Indian agencies (for Bhandari) ...Read More >
MCLEOD GANJ - The Dalai Lama said Saturday he dreamed of living for decades more, as the Buddhist spiritual leader prayed with thousands of exiled Tibetans on the eve of his 90th birthday. Thumping drums and deep horns reverberated from the Indian hilltop temple, as a chanting chorus of red-robed monks and nuns offered long-life prayers for Tenzin Gyatso, who followers believe is the 14th reincarnation of the Dalai Lama. Looking in good health, dressed in traditional maroon monk robes and a fl ...Read More >
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