Income Tax Department Targets 800 Individuals for Concealing Assets and Income Worth Over 3,000 Crore The Income Tax Department has issued notices to 800 individuals for allegedly hiding assets and income exceeding 3,000 crore. The department identified cases of significant underreporting of actual income compared to the tax returns filed. According to a source, some individuals reported annual incomes of 10 lakh in their returns, while their actual receipts totaled up to 100 crore. The discrepancies involved assets such as bank deposits, cryptocurrency, and even luxury vehicles, which were not disclosed in their returns. In several cases, individuals filed returns claiming nil income, but evidence from bank accounts and other assets revealed earnings of 20-25 crore. The transactions were conducted through banking channels rather than cash, yet they were not reported in the tax filings. The department detected these mismatches through the scrutiny of Statement of Financial Transactions (SFT), a cross-verification mechanism. This process uncovered instances where business receipts totaling 1,000 crore were unreported, along with cash deposits and withdrawals amounting to 850 crore and 500 crore respectively. Fixed deposits worth 100 crore, as well as the purchase of luxury vehicles valued at 15 crore and cryptocurrency worth 20 crore, remained undisclosed by the individuals. The value of such hidden real estate assets was estimated at 250 crore. The department’s actions also extended to property registrar offices, banks, and hospitals for non-filing of SFT, which requires entities to report high-value transactions.#cryptocurrency #bank_accounts #income_tax_department #statement_of_financial_transactions #luxury_vehicles
Rhea Chakraborty wins legal relief after court defreezes bank accounts frozen in 2020 Actor Rhea Chakraborty has received significant legal relief after a Mumbai special court ordered the defreezing of bank accounts belonging to her, her brother Showik Chakraborty, and their mother Sandhya Chakraborty. These accounts had been frozen in 2020 by the Narcotics Control Bureau during its investigation linked to the death of Sushant Singh Rajput. According to reports, the special NDPS court found that the Narcotics Control Bureau had not followed the mandatory procedure under Section 68F of the NDPS Act within the stipulated time frame. As a result, the court held that the continuation of the freezing orders could not be sustained and allowed the release of the remaining accounts. It also noted that there was no compliance with Sub-section (2) of Section 68F and that no order had been passed as required under the provision, leading to the application being allowed. The accounts were originally frozen when the Narcotics Control Bureau initiated a drugs-related probe in 2020 following the death of Sushant Singh Rajput, a case that drew massive public attention and saw multiple agencies carrying out parallel investigations. With this ruling, a long-standing financial restriction on the family has been lifted, marking another important development in the prolonged legal aftermath of the case. As she continues to rebuild both personally and professionally, actor Rhea Chakraborty wil... #Rhea_Chakraborty #Narcotics_Control #Control_Bureau #bank_accounts #brother_Showik #mother_Sandhya #Showik_Chakraborty #Sandhya_Chakraborty #defreezes_bank #Mumbai_special
PM Kisan Yojana 22nd Installment: Benefits Expected in February The 22nd installment of the PM Kisan Yojana is anticipated to be released soon, with beneficiaries likely to receive the funds in their accounts. Farmers who are eligible under the scheme may benefit from this installment, which follows the release of the 21st installment in November 2025. As of now, a total of 21 installments have been disbursed under the PM Kisan Yojana. The 21st installment was released on November 19, 2025, and it provided benefits to over 9 crore eligible farmers. While the exact number of beneficiaries for the 22nd installment has not been officially announced, estimates suggest it could be in the range of 9 crore farmers. The scheme follows a regular schedule, with each installment released approximately every four months. Based on this timeline, the 22nd installment was expected to be released in February. However, the exact date of disbursement has not been confirmed yet. Farmers are advised to monitor official announcements for updates on the release date and ensure their bank accounts are in order to receive the funds. The PM Kisan Yojana continues to provide financial support to eligible farmers, aiming to alleviate economic pressures and promote agricultural development.#farmers #india #pm_kisan_yojana #bank_accounts #22nd_installment
