It is known through local circle that the Fiance Ministry decided declared that the political parties are exempted from Income tax by making their black money to exchange. I furnish my view.
It is very disappointed and unpleasant steps from Ministry of Finance. There is no logic on this. If they accumulated the cash they are also black marketers/black money holders and looters. Why they have not accounted the amount to their party fund and not paid tax? There should not be any exception to the party. The individual holding the cash will bring out as part of the party fund and will make their black money in to white. There are heavy unaccounted money holding by various party leaders in their personal custody. This is not at all acceptable to any one. All these days all the opposition parties fought for the same and disrupted the entire winter session and making a heavy loss to the nation from our income tax amount. Mainly Congress, TMC, BSP SP and left parties were fighting all these days because of the heavy unaccounted money holding individually or in the party. Storing of money by any one whether political parties/individual/firm is an impact the rolling/rotation of cash among public and should be treated as fraud and must be punishable the way others are punished. The purpose of demonetization will totally failure if the Government take this ugly steps. The penalty must be imposed to the political parties too since these unaccounted amount are being used to capture the vote during the election distributing to illiterate and other poor people. This is a source of vote bank and ministry must aware and move accordingly. By this decision what is the different between a common man and party. Both are in the same category and is treated as criminal and the same policy what the government extending to a common public must be treated in the same form to the political parties and its leaders. There should not be any deviation on this. The Ministry should rethink and suitably amend if they decided to do so. more
It is very disappointed and unpleasant steps from Ministry of Finance. There is no logic on this. If they accumulated the cash they are also black marketers/black money holders and looters. Why they have not accounted the amount to their party fund and not paid tax? There should not be any exception to the party. The individual holding the cash will bring out as part of the party fund and will make their black money in to white. There are heavy unaccounted money holding by various party leaders in their personal custody. This is not at all acceptable to any one. All these days all the opposition parties fought for the same and disrupted the entire winter session and making a heavy loss to the nation from our income tax amount. Mainly Congress, TMC, BSP SP and left parties were fighting all these days because of the heavy unaccounted money holding individually or in the party. Storing of money by any one whether political parties/individual/firm is an impact the rolling/rotation of cash among public and should be treated as fraud and must be punishable the way others are punished. The purpose of demonetization will totally failure if the Government take this ugly steps. The penalty must be imposed to the political parties too since these unaccounted amount are being used to capture the vote during the election distributing to illiterate and other poor people. This is a source of vote bank and ministry must aware and move accordingly. By this decision what is the different between a common man and party. Both are in the same category and is treated as criminal and the same policy what the government extending to a common public must be treated in the same form to the political parties and its leaders. There should not be any deviation on this. The Ministry should rethink and suitably amend if they decided to do so. more
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If it is one time no-tax, it is fine. It will unearth most black money and hence makes sense to offer one time tax free. Removing black money is a big affair and need some compromise for long time benefit. So, I support FM on this more
Dec 21
Dear Modiji Finance Ministry has taken very wrong step by making black money non taxable of leaders it means except leaders all citizen of India are BHRASHT more
Dec 17
It's very sad that leaders black money is non taxable and money of tax payers and house wife's savings which they save for the future of their family their children education, marriage, day to day requirement and health care is taxable if crossed 2.50 lac. Very sad and what a joke with the citizen of India. more
Dec 17
