Former Rajganj block development officer Prashant Barman was arrested in New Town near Kolkata for allegedly driving under the influence of alcohol and is wanted in connection with a businessman's murder in 2025.
The Election Commission (EC) has suspended a Block Development Officer (BDO) in West Bengal's Nadia district and initiated departmental proceedings against him following violence at a poll training venue where a teacher was allegedly assaulted for objecting to a government advertisement.
Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.
Salaried taxpayers should not use these forms blindly to file their income-tax returns.
One person was injured after security forces allegedly opened fire on a mob advancing towards Manipur Chief Minister N. Biren Singh's programme in Thoubal district. The incident occurred during the inauguration of a Block Development Office, with protesters demonstrating over the killing of two children earlier this month.
"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."
The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.
West Bengal Police have arrested the alleged mastermind behind the gherao of seven judicial officers in Malda district. The accused, advocate Mofakkarul Islam, was apprehended at Bagdogra airport while attempting to flee.
A man in Kushinagar, Uttar Pradesh, has been arrested for allegedly setting fire to two vehicles belonging to a government official, reportedly due to his anger over his girlfriend's employment as a cook at the official's residence.
From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.
Thousands of West Bengal residents whose names were deleted from electoral rolls are awaiting decisions from tribunals, the final recourse after initial appeals were rejected. The fate of around 2.3 million people hinges on these adjudications, raising concerns about voting rights and citizenship.
Recent changes to tax exemptions and allowances, including increased education, hostel, and HRA limits, have made the old tax regime more competitive against the new regime, prompting salaried employees to re-evaluate their choice for the current financial year.
The CBI has registered a new case against Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to the Life Insurance Corporation (LIC) of India.
Police in West Bengal have arrested 17 people, including an Indian Secular Front (ISF) candidate, in connection with the alleged confinement of judicial officials during a protest over voter list deletions in Malda district.
The Uttar Pradesh Public Service Commission (UPPSC) announced the final results of the Combined State/Upper Subordinate Services Examination 2024 (UPPSC 2024) late Sunday night.
A key mistake would be continuing to rely on provisions of the Income-Tax Act, 1961, where the new law now applies, and vice versa.
Byju's audit firm BDO had suggested backdating of reports, which the company refused, and their resignation is more of optics, a top official of the edtech firm alleged on Saturday. Speaking on the resignation of BDO as its audit firm, Byju's CEO Byju Raveendran told PTI that the auditors are the first to know about insolvency proceedings but they did not inform about it to the court-appointed insolvency resolution professional (IRP). "They have asked us to do multiple backdating of reports.
The Supreme Court has expressed serious concern over the 'hostage' situation involving seven judicial officials in West Bengal's Malda district, demanding explanations from state officials and authorising the Election Commission to seek a CBI or NIA probe.
Despite a directive from the Election Commission, no FIR has been filed against TMC MLA Monirul Islam in connection with vandalism at the Farakka Block Development Office in Murshidabad. The delay raises questions about the implementation of the Commission's orders ahead of the 2026 West Bengal Assembly elections.
The draft rolls published on December 16 had already pared down the electorate from 7.66 crore to 7.08 crore, deleting over 58 lakh names on grounds of death, migration, duplication and untraceability.
The death of a booth level officer in West Bengal due to cardiac arrest has ignited a political battle between the ruling TMC and the BJP, with accusations of workload pressure and politicization of the tragedy.
India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors that led to a shortfall in tax payment.
The Supreme Court has directed the Election Commission to display the names of those on the 'logical discrepancies' list at various public offices in West Bengal, addressing concerns about irregularities in the voter rolls.
The second phase of the Systematic Integration of Rolls (SIR) in West Bengal is causing distress among elderly, disabled, and vulnerable voters, leading to political accusations ahead of the assembly polls.
Filing a belated return is far better than not filing at all.
Heavy rains in Jharkhand, India, have resulted in five deaths, one missing person, and several injuries due to house collapses and flooding.
West Bengal's Chief Electoral Officer reports over 10 lakh SIR enumeration forms identified as 'uncollectable' due to absentee voters, duplicates, deaths, or permanent relocation. The special intensive revision (SIR) of electoral rolls is underway with significant BLO involvement.
Quoting an incorrect PAN during property registration can invite penalties and prosecution.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
Gross GST collections increased by 6.2 per cent to over Rs 1.84 lakh crore in June but slipped below the Rs 2 lakh crore mark recorded in the previous two months. Gross GST collections stood at Rs 173,813 crore a year ago, as per government data released on Tuesday.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, marking the first inflow in three months, data with the depositories showed.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
A block development officer was kidnapped by armed Maoists from Ladhoura village in Bihar's naxal-hit Sheohar district on Sunday.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
Deductions missed in Form 16 can still be claimed while filing ITR.
Foreign investors withdrew Rs 10,355 crore from the country's equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. This infusion helped reduce the overall outflow for March to Rs 3,973 crore, according to data from the depositories.
