June 24, 2017

U Turn on Record – IT Returns

Arvind Kejriwal is said to be getting donations from many international agencies, among which there are few Anti national agencies that are funding to destabilize the Indian economy through anti developmental plans. These agencies have been donating to AAP since few years and are mainly responsible for his Anti National agendas like speaking against Indian army & surgical strike, supporting Kanhaiya Kumar and elevating the Khalistan movement in Punjab.

Every political party although are exempted from taxes under the section 13 A of the Income tax Act they are bound to show any source of money with proper documentation for an amount exceeding Rs 20,000. But the Aam Aadmi Party which rants that it is the cleanest  has now been caught red handed fudging data and filing wrong report to the Income Tax.

Section 13 A of the income tax is very clear regarding Voluntary contributions received by a political party. It says Voluntary contributions received by a political party shall not be included in the total income of the party provided

  1. a) Proper books of accounts are maintained.
  2. b) In respect of contributions exceeding Rs 20000, the party keeps and maintains a record of such contributions and name and address of the persons contributing.
  3. c) The accounts of the party are audited.

Failing the above, no exemption shall be available for the party under this section

The Maharashtra Election Commission had cancelled Asaduddin Owaisi-led All India Majlis-e-Ittehad-ul Muslimeen (AIMIM)’s registration July 2016 as a state political party after it failed to submit its income tax and funds details.

The commission reportedly took this decision after the AIMIM did not respond to notices sent to the party asking it to submit the reports.

Therefore the State Election Commission needs to take this case up for scrutiny and accordingly act.

http://newsworldindia.in/india/election-commission-cancels-asaduddin-owaisis-party-registration/205741/

POSTCARD has covered this issue very nicely.

Ball is in State / Election Commission court. The way things are changing, nothing is impossible. This is not the routine fire fighting for AAP. And on record they are cornered big time.

Picture Credit: India


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About Chandrakant Kotian 10 Articles
A Chartered Accountant who is currently into practice and business. Has worked in institutions like Ernst & Young, Citibank and e serve. A person with extensive views on social and current events who has been writing to various news papers like Midday and Afternoon in the letters to editor column for the last two decades. Has a blog www.writerchandra.blogspot.com Has extensive knowledge about food and restaurants in Mumbai and has done restaurant reviews for the Times of India on several occasions. Has extensive knowledge of diet and nutrition and has helped many people lose substantial weight. A fitness fanatic who has been running the marathon (full marathoner) for the last 13 years.
  • Samir Padhi

    I think he mastered the art of tax evasion while in IT dept by learning the loop holes..

  • kpp1991

    I can’t fathom the eternal hesitation BJP Government is adopting in chasing all those daylight robbers of UPA 1&2 and this clown and his cabinet, majority of who are either criminals, rapists, hawala traders or fekus..! It will cost them badly – if not already.