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No proposal to extend last date for filing I-T returns, says finance ministry

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No proposal to extend last date for filing I-T returns, says finance ministry

The EU Finance Ministry said on Friday that it has not proposed to extend the deadline for filing income tax returns (ITR). The last date to file an income tax return is today, which is December 31, 2021.

“As of 3 o’clock this afternoon, a total of 562 million U.S. dollars of returns have been submitted. Today, more than 2 million returns have been submitted. This year, more than 6 million returns have been submitted,” the Minister of Revenue Tarun Bajaj announced the news. Say.

After a letter from the All India Chamber of Traders (CAIT), a domestic trader group, issued a letter earlier this week, the statement was in response to speculation that the tax period for the fiscal year ending in March 2021 may be extended again.

The deadline for ITR submissions was earlier extended by five months until December 31.

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At the same time, in answering questions about ongoing tax searches, Federal Finance Minister Nirmala Sitharaman stated that when law enforcement agencies conduct searches, they will only provide actionable intelligence.

“How did the former Chief Minister of Uttar Pradesh (Akhilesh Yadav) know that this is BJP money? Is he a partner? Is he afraid,” Sitharaman said on the sidelines of a news conference at the GST committee meeting. Earlier in the day, the income tax department raided a number of premises related to certain perfume traders in Uttar Pradesh, including Samajwadi Party MLC Pushparaj Jain in Kannauj.

Officials said that 30-40 locations are being searched in Kanaoj, Kanpur, NCR, Surat, and Mumbai.

Complete News Source : Hindustan Times

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.

Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.

Congress demands JPC probe

Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.

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Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.

He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.

The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.

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“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.

Other Oppn leaders join attack

Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.

Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.

ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%

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Adani stocks latest updates

The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.

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