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Congress Income Tax Notice: Income tax notice to Congress once more, fine of Rs 1700 crore imposed, know the whole matter

Congress Income Tax Notice: The Income Tax Division has as soon as once more despatched a notice to the Congress Celebration. On this notice, Rs 1700 crore has been demanded from the celebration. In accordance to sources, the demand notice of the Income Tax Division is for the yr 2017-18 to 2020-21. The quantity of Rs 1700 crore consists of penalty and curiosity. The notice from the Income Tax Division has additional elevated the issues of Congress throughout the Lok Sabha elections 2024. Congress had filed a petition in the Delhi Excessive Courtroom demanding a re-examination of the Income Tax Division's penalty for 2017-2021, however the court docket rejected the Congress' petition. After this a notice has been despatched to the celebration.

Now the Congress celebration is ready for the completion of the investigation of earnings of three extra years. This investigation shall be accomplished by Sunday. Congress lawyer and Rajya Sabha MP Vivek Tankha, throughout the listening to in the Excessive Courtroom, demanded a keep on the motion of the Income Tax Division. He stated that the motion of the Income Tax Division is pointless and towards democracy. Congress alleges that the essential opposition celebration is being intentionally focused throughout the Lok Sabha elections.

Income Tax Division has recovered Rs 135 crore

The Income Tax Division has already recovered Rs 135 crore from the financial institution accounts of the Congress Celebration positioned in Delhi. Congress was positively not ready to fulfill the situation for 2018-19. The Income Tax Division had stated in the court docket that Rs 520 crore weren’t included in the evaluation. By way of raids at completely different locations, the Income Tax Division has discovered many such evidences, which clearly present that cash transactions came about by way of money. Shut family members of former Madhya Pradesh Chief Minister Kamal Nath have been additionally concerned on this. The Income Tax Division says that the transactions of the Congress Celebration with Karnataka Deputy Chief Minister DK Shivakumar and an organization have come to gentle, which is a violation of the guidelines.

If the guidelines are violated, a political celebration is taken into account a gaggle of folks and this group has to pay earnings tax. Transactions completed in money are additionally thought of half of earnings.

Additionally learn: Bihar Seat Sharing: Speak made between Grand Alliance in Bihar! RJD will contest on 26 seats, Congress will undergo loss, right here is the method


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