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Saturday, May 4, 2024
TopicIncome Tax Department

Topic: Income Tax Department

ED, CBI, NIA and IT department have a lot at stake in upcoming assembly elections

Central investigation agencies are putting up valiant efforts yet again this election season. But they have always played an important role in Indian politics.

‘Not so sasti anymore’: Actor Tapsee Pannu takes dig after I-T raids on her, Anurag Kashyap

In Twitter thread, actor appeared to take jibe at raids, saying investigators had ‘found keys to an apartment in Paris and receipt for Rs 5 crore’. 

I-T Dept claims Rs 650 cr discrepancies after raids on Anurag Kashyap, Taapsee Pannu

The I-T department statement came as raids continued on the homes of Taapsee Pannu, Anurag Kashyap and his partners who launched Phantom Films for the second day.

I-T dept questions Robert Vadra in connection with benami assets case probe

Robert Vadra, who was questioned for about eight hours, said the action was aimed to “digress” from the “real issues” concerning the country like the farmers’ agitation.

Shivraj govt in a bind as ex-Congress MLAs named in MP ‘poll cash’ case are now in BJP

EC order is based on CBDT report that names several ex-Congress MLAs who defected to the BJP, including two cabinet ministers. MP govt to speak to EC in first week of January.

ED and I-T heat on farmer leaders, arhtiyas and ‘singers & actors supporting the agitation’

Farmers warn that there will be no resolution to the crisis if the Modi government ‘targets' their supporters. BJP dismisses allegations of vendetta.

‘Non-intrusive way’ to catch tax evaders — ministry on move to scan school fee, other payments

I-T dept will analyse expenditure patterns through collected data to look for evasion. But honest taxpayers won’t be impacted, stresses the government.

‘Opens door to tax terrorism, increases compliance burden’ — Few takers for new I-T proposal

New I-T proposal aims to widen tax base, seeks to make several additions to the transaction-reporting framework by including purchases of jewellery & white goods worth over Rs 1 lakh.

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.

Chinese national arrested now for ‘running hawala network’ was held for spying in 2018

According to officials of Central Board of Direct Taxes, Luo Sang was using 8-10 bank accounts and represented fake Chinese companies in hawala operations worth Rs 300 crore.

On Camera

Manusmriti in a London church? 18th-century Britain’s Indomania loved everything Hindu

Sir William Jones’ monument with Hindu religious imagery was accommodated in a Christian church as independently validated proof of the truth of Christianity.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.