Department Financial News

Telangana, all 24 liquor production points have been brought under CCTV surveillance to keep a check on the illegal flow of alcohol in the run-up to the May 13 Lok Sabha elections. Chief Electoral Office Vikas Raj said to prevent unwarranted liquor distribution during the elections, the state Excise Department is monitoring the sale of alcohol and will inform the Election Commission if there is a spike of more than 20 per cent in its production. The official said all the belt shops (unauthorised satellite shops) of liquor were shut down and the illegal network of distribution was stopped to a large extent. «For the first time in Telangana state, 24 production points (for liquor--distilleries and breweries) all of them were brought under CCTV.

income tax return for financial year 2020-21 and realised that there were a few mistakes or omissions in that then today is the last date to file an updated return to incorporate the changes. Notably, the provision of filing an updated income tax return (ITR-U) was announced in Budget 2022 by Finance Minister Nirmala Sitharaman when she said that an updated return gives a one-time window to taxpayers to correct any discrepancy or omissions within two years of filing. Although for assessment year 2021-22 (i.e., financial year 2020-21), the last date to file an updated return is today i.e., March 31, 2024, whereas the taxpayers can also file an updated return for the subsequent assessment years of 2022-23 and 2023-24 also.

₹1,745 crore for the assessment years 2014-15 to 2016-17, the party said. With this, the total notice for assessment years 1994-95 and 2017-18 to 2020-21 now stands at ₹3,567 crore. The fresh notices were issued on Friday evening after the Congress accused the Bharatiya Janata Party (BJP) being indulged in tax terrorism to financially cripple opposition parties ahead of Lok Sabha elections that are scheduled to take place in seven phases beginning from April 19.

₹6,329 crore from the income tax department. Nonetheless, the company is concurrently confronting a substantial tax liability of ₹2,763 crore as per assessment orders. The directives are in accordance with different provisions outlined in the Income Tax Act of 1961.

NEW DELHI : Former chief of the UK’s National Cyber Security Centre, Lindy Cameron, is tipped to become the country’s new high commissioner to India. Should her appointment be confirmed, Cameron will be the first woman to serve as the British high commissioner in New Delhi. Alex Ellis, the incumbent British envoy, is expected to demit office shortly and move on to another diplomatic posting.

Enforcement Directorate (ED) on Saturday questioned Kailash Gahlot, Aam Aadmi Party (AAP) leader and Delhi's transport minister, in connection with the state's liquor policy case. People in the know said Gahlot was part of the group of ministers that gave directions to Delhi's excise department to restructure the state's excise policy. People in the know said Gahlot was questioned about his connection with Vijay Nair, AAP's then communication-in-charge and a co-accused in the case.

Sukhoi Su-27 fighter jet was mistakenly downed by Russian forces over Crimea, as reported by Ukraine. The mishap occurred over the annexed peninsula, with Ukraine's Navy spokesman, Dmytro Pletenchuk, emphasizing the role of «the human factor» where an operator, driven by the prospect of receiving a medal, failed to verify the aircraft's allegiance. The incident was initially reported by Mikhail Razvozhayev, the Moscow-appointed leader in Sevastopol, who mentioned that a Russian warplane «crashed» off the Crimean coast. He confirmed that the pilot had safely ejected and was subsequently rescued. Footage shared on Russian Telegram channels depicted the aircraft ablaze during its descent, along with the pilot's parachute, according to a Newsweek report. The Crimean Wind Telegram channel suggested that the aircraft was accidentally shot down after departing from the Belbek military airfield. Pletenchuk's confirmation on television reinforced the narrative that the aircraft was indeed Russian and was destroyed by friendly fire due to an overzealous operator's mistake.

Siddaramaiah on Saturday alleged that the BJP is using organisations like the IT Department, ED, and CBI to weaken the Congress Party as the party is scared of losing the upcoming Lok Sabha elections. He added that the BJP is trying to weaken their party through 'tax terrorism' as they believe that by doing this, they can win the election. «The CM said, the Bharatiya Janata Party, fearful of impending defeat in the upcoming Lok Sabha elections, has been misusing autonomous institutions like the IT Department, ED, and CBI to undermine the Congress Party. As part of this tactic, they have unleashed 'tax terrorism' on our party. The BJP is under the illusion that by weakening our party, it can win the election,» as per a press statement by the CMO

Arvind Kejriwal's ED summon challenge was listed for April 24. Meanwhile the Income Tax Department has issued a demand notice of ₹1,823 crore to the Congress. A hostage drama in the Netherlands ended peacefully after several hours on Saturday afternoon.

As authorities begin removing twisted wreckage from the the Francis Scott Key Bridge collapse, they’re confronting the potential for environmental fallout

A headless robot about the size of a labrador retriever will be camouflaged as a coyote or fox to ward off migratory birds and other wildlife at Alaska's second largest airport

Thailand’s government has ordered officials to closely monitor livestock along the border with Laos after more than 50 people were reported to have contracted anthrax in the neighboring country

Jammu and Kashmir's Anantnag which was destroyed centuries ago, will finally be restored for devotees and visitors. A high-level meeting of government officials, set to take place on Monday, will make a final decision on the protection of the temple.

₹1,800 crore, alleged the grand old party accusing the Bharatiya Janata Party of “tax terrorism". Meanwhile, a BJP ally party criticised Congress and said that the party is facing downfall because of its deeds. On Saturday, the Congress claimed that it got two more notices from the IT department “last night" after they were slapped with an IT notice of over ₹1,800 crore.

Odisha Pradesh Congress Committee (OPCC) has asked candidates aspiring for party tickets in the Lok Sabha and Odisha Assembly elections to deposit Rs 50,000 each for supply of campaign materials. OPCC president Sarat Pattanayak has written letter to the prospective candidates in this regard. Pattnayak said the OPCC is open to accept cheques of Rs 50,000 from shortlisted candidates on behalf of the party to supply branding and campaign materials of an equivalent value to them. «The cheque will be in favour of OPCC and not in the name of any individual leader...,» he said.

NewsClick UAPA case: The Special Cell of Delhi Police will shortly file a chargesheet against the news portal NewsClick in Delhi's Patiala House court. The police team has brought the 8000-page chargesheet copy and relevant documents in a trunk to the court. Editors, co-founders and employees of the news portal have been named in the chargesheet, according to police.

Telangana IT Minister, Sridhar Babu Duddilla, has in a fervent plea appealed to people of the state to support the Congress and the INDIA bloc if they want to safeguard democracy. «All the people of Telangana, if they want to safeguard this democracy, please join and support us, the Congress, and the India bloc. This is the appeal we are putting before the people of Telangana. We are hopeful that it will be a huge gathering, which no one can even expect,» Babu Duddilla said. On being asked about the leaders joining the gathering, he said, " I am not the correct person to talk about this until and unless AICC conveys."

While investors with a high-risk appetite are savouring the high returns of 30 per cent given by Nifty50 in the fiscal year 2024, there are millions of conservative investors who remain content with their considerable exposure to fixed-income instruments.

₹1,800 crore notice. According to an India Today report, senior Congress leader Jairam Ramesh said, "Two more notices were sent to us last night". He reiterated that Congress was a target of "tax terrorism".

Read more here In a recent discussion with Bill Gates, Prime Minister Narendra Modi highlighted India's strides in technology, focusing on digital empowerment, women's inclusion, and AI challenges. He explained how India has embraced technology to prevent monopolies and ensure it is accessible to all citizens. PM Modi conveyed that India has democratized technology to avoid monopolies, asserting it as a people-centric endeavor.

Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing's chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips designed by Nvidia and others as Washington cracks down on Beijing over concerns its advancing tech sector could help boost China's military.