Prior permission before purchasing immovable/ movable property is mandatory as per West Bengal Services (Duties, Rights and Obligation of the Govt. Employee) Rules 1980.
You should apply for the same in the specific format as attached.
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Determination of Group of Employees upon ROPA, 2019
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No Government employee are allowed to do intraday trading. Because intraday trading involves frequent buy/sell which is not allowed by the Government Employee.
However, investment in stock market is perfectly legal for a Government Employee. The capital gain (Short term or long term) is taxable as per IT act. The total taxable amount can be seen from the broker platform upon which tax can be paid.
Acts, Rules, Regulations, Resolutions, Notifications, Circulars, Memorandum, Guidelines, Govt. Orders etc. from various department of the Government of West Bengal.
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