Live
- EAM Jaishankar calls on visiting Maldives President Muizzu, appreciates commitment to enhance bilateral ties
- 1st T20I: Mayank Yadav, Nitish Reddy handed debuts as India opt to bowl against Bangladesh
- Gowri's Jewellery Announces Exclusive Bridal Exhibition from October 5th to October 8th
- Real Madrid extend Carvajal's contract despite ACL injury setback
- Questioning reliability of Exit Polls: A closer look at their history of inaccuracy in elections
- Rajnath Singh to inaugurate DefConnect 4.0 on Monday
- Vigil in Sydney marks first Oct 7 commemoration ceremony
- We've tried to maintain consistency in selection: Shan Masood on Multan Test playing 11
- Minor's rape & murder: Calcutta HC orders victim's autopsy at a Central hospital, judicial magistrate's presence
- CM Stalin to inaugurate Kalaignar Centenary Park in Chennai tomorrow
Just In
Congress on Tuesday accused the Modi government of resorting to tax terrorism through incessant raids on traders and businessmen after failure to bring out black money through income disclosure schemes.
New Delhi: Congress on Tuesday accused the Modi government of resorting to "tax terrorism" through "incessant" raids on traders and businessmen after "failure" to bring out black money through income disclosure schemes.
"Don't perpetrate a tax terrorism on the honest taxpayer. One needs to only go to any trading hub in the country and there are horror stories as to how the small trader and the honest businessman are being coerced to make the targets for this scheme," party spokesman Manish Tewari told reporters in New Delhi.
He claimed that the oligarchs and crony capitalists are "making merry" as the "honest tax payer" is being raided.
Recalling Prime Minister Narendra Modi's assurance that he would bring back black money stashed in foreign banks in 100 days of coming to power, he said that estimated in 2011, BJP had that there are 25 lakh crore rupees in foreign banks. He said that the estimate was given by a committee headed by BJP veteran L K Advani.
Noting that in 2015, the government came out with an amnesty scheme for money undeclared in foreign banks, he said that the total declaration was only Rs. 4164 crore while the total tax collected was Rs. 2428 crore.
"BJP said there is Rs. 25 lakh crore in foreign banks. Why have you been only able to recover Rs. 2428 crore. Where is the rest? Why have you not brought that money back ?" he asked.
Targeting the government over raids, he told the Prime Minister that income disclosure schemes work on incentives and "not on intimidation".
He said that in 1997 when the then United Front government had launched the Voluntary Disclosure of Income Scheme, the total declaration was Rs. 33,000 crore and tax collected was Rs. 10,000 crore.
"What has happened as a result of failure of the scheme, they have launched a reign of tax terrorism across India," he said.
Congress today accused the Modi government of resorting to "tax terrorism" through "incessant" raids on traders and businessmen after "failure" to bring out black money through income disclosure schemes.
"Don't perpetrate a tax terrorism on the honest taxpayer. One needs to only go to any trading hub in the country and there are horror stories as to how the small trader and the honest businessman are being coerced to make the targets for this scheme," party spokesman Manish Tewari told reporters in New Delhi.
He claimed that the oligarchs and crony capitalists are "making merry" as the "honest tax payer" is being raided.
Recalling Prime Minister Narendra Modi's assurance that he would bring back black money stashed in foreign banks in 100 days of coming to power, he said that estimated in 2011, BJP had that there are 25 lakh crore rupees in foreign banks. He said that the estimate was given by a committee headed by BJP veteran L K Advani.
Noting that in 2015, the government came out with an amnesty scheme for money undeclared in foreign banks, he said that the total declaration was only Rs. 4164 crore while the total tax collected was Rs. 2428 crore.
"BJP said there is Rs. 25 lakh crore in foreign banks. Why have you been only able to recover Rs. 2428 crore. Where is the rest? Why have you not brought that money back ?" he asked.
Targeting the government over raids, he told the Prime Minister that income disclosure schemes work on incentives and "not on intimidation".
He said that in 1997 when the then United Front government had launched the Voluntary Disclosure of Income Scheme, the total declaration was Rs. 33,000 crore and tax collected was Rs. 10,000 crore.
"What has happened as a result of failure of the scheme, they have launched a reign of tax terrorism across India," he said.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com