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SRINAGAR: Over the past four days, a Himalayan black bear has been spotted nearly 10km apart at two premier institutions in Kashmir — University of Kashmir (UoK), Hazratbal, and Sher-i-Kashmir Institute of Medical Sciences (SKIMS), Srinagar’s leading tertiary-care hospital — triggering panic. The wildlife department has placed cages at key locations, deployed drones, and is…
The Income Tax department will begin sending SMS and email alerts from November 28 to about 25,000 individuals flagged as “high-risk” for not disclosing foreign assets in their income tax returns (ITRs) for Assessment Year 2025–26, PTI reported citing sources. The cases were shortlisted on the basis of data received from foreign jurisdictions under the…
The Cochin Income Tax Appellate Tribunal’s analysis centres on the taxpayer’s disclosure compliance. (AI image) While filing your income tax return and claiming tax exemptions, it is important to be aware of the limits and applicability. In one such case where the taxpayer was mistaken about the amount of tax exemption available to her for…
Gold jewellery worth Rs 1.65 crore and silver articles weighing 3 kg were seized from the residence of Suresh (name withheld) during an Income Tax Department search in November 2019. The Assessing Officer (AO) added the value to Suresh’s income as unexplained investment under Section 69 of the Income Tax Act, citing discrepancies between invoices,…
The court clarified that Assessing Officers must accept TDS documentation provided by taxpayers, rather than insisting on exact matches with Form 26AS figures. (AI image) Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued…
Congress leader Vijay Wadettiwar (ANI) NEW DELHI: The Congress on Sunday launched a sharp attack on the Maharashtra government, claiming that law and order in the state has “collapsed” following the alleged rape and suicide of a woman doctor in Satara. The grand old party also accused the state’s home department of being “bankrupt.”Congress leader…
HYDERABAD/NAGPUR: When Mallojula Venugopal Rao joined the state public relations department in undivided Andhra Pradesh’s Adilabad as an apprentice after graduation, he could not have imagined spending 35 years of his life as a Maoist outlaw.On Tuesday, as India’s five-decade battle against Left-wing extremism turned another corner, Venugopal — known by aliases Bhupathi, Sonu, Vivek…
NEW DELHI: The income tax department has turned the spotlight on cash transactions of over Rs 2 lakh in property deals and has come across several instances in Bihar and Uttar Pradesh, especially in districts bordering Nepal, where there have been violations and sub-registrars have not shared data.During a nationwide exercise – undertaken following Supreme…
MUMBAI: Bombay high court has directed the state to pay Rs 1 lakh compensation to a Karnataka-based businessman after declaring his arrest illegal. The HC also censured Mumbai police for “gross abuse of law” and directed a departmental enquiry into the arrest, with recovery of the compensation amount from the salary of the person or…
JAIPUR: Rajasthan HC Thursday ordered the commercial taxes department to release within seven days the full salary and arrears of one of its officers who has been without pay for over a year since slipping into a coma in Aug 2023.HC passed the order after hearing a plea by the officer’s wife. The petitioner’s counsel…
