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Rahul Gandhi accuses govt of returning black money to hoarders

Amendments to taxation laws were made to ensure that people depositing black money in banks pay 50% tax

Press Trust of India  |  New Delhi 

Congress vice-president Rahul Gandhi on Wednesday accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them. The government has given 50 per cent of the black money back to hoarders again, he said outside Parliament. The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha on Tuesday, providing a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50 per cent tax, ...

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Rahul Gandhi accuses govt of returning black money to hoarders

Amendments to taxation laws were made to ensure that people depositing black money in banks pay 50% tax

Amendments to taxation laws were made to ensure that people depositing black money in banks pay 50% tax Congress vice-president Rahul Gandhi on Wednesday accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them. The government has given 50 per cent of the black money back to hoarders again, he said outside Parliament. The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha on Tuesday, providing a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50 per cent tax, ... image
Business Standard
177 22

Rahul Gandhi accuses govt of returning black money to hoarders

Amendments to taxation laws were made to ensure that people depositing black money in banks pay 50% tax

Congress vice-president Rahul Gandhi on Wednesday accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them. The government has given 50 per cent of the black money back to hoarders again, he said outside Parliament. The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha on Tuesday, providing a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50 per cent tax, ...

image
Business Standard
177 22