HomeIndiaCPI (*11*) Income Tax notice of 11 crore before lok sabha election...

CPI (*11*) Income Tax notice of 11 crore before lok sabha election 2024 for using old PAN Card.

Lok Sabha Elections 2024: The Communist Get together of India (CPI) has acquired a notice from the Income Tax Division for cost of 'dues' price Rs 11 crore for using old PAN playing cards whereas submitting returns over the previous few years. Sources gave this info on Friday (March 29, 2024).

He stated that the Left occasion is consulting its attorneys to problem the notice of the Income Tax authorities. Sources stated the 'dues' to be paid to the Income Tax Division embody penalty and curiosity payable by the occasion for 'discrepancies' within the use of old PAN playing cards.

CPI is consulting attorneys

A CPI chief stated that we’re taking authorized assist and consulting our attorneys. The Income Tax Division has additionally withdrawn the tax exemption of the Communist Get together of India-Marxist (CPI-M) for the yr 2016-17 and imposed a tax of Rs 15.59 crore on the Left occasion for not declaring the checking account in its tax returns for the yr .

Sources stated the CPI(M) had acquired a notice below part 148A of the Income Tax Act for evaluation yr 2016-17. On the premise that it has a checking account however didn’t declare it in Column 13(B) when it filed its tax return.

Tax excellent of Rs 15.59 crore on CPI(M)

The CPI(M) claimed that it had filed its revenue tax returns in compliance with the notice and made numerous representations every now and then. Sources stated the Income Tax Division has handed the ultimate order and imposed a tax of Rs 15.59 crore on CPI(M) for 2016-17.

Income Tax has additionally despatched notices to Congress and TMC

Earlier, the Congress had stated it had acquired a notice from the Income Tax Division, asking the occasion to pay dues of over Rs 1,823 crore for discrepancies in tax returns filed for earlier years. However, Trinamool Congress chief Saket Gokhale has additionally claimed that he has acquired 11 notices from the Income Tax Division within the final 72 hours.

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