Cong Will get Recent I-T Discover Of Over Rs 1,745 Crore, Whole Tax Demand Rises To Rs 3567 Crore

Cong Will get Recent I-T Discover Of Over Rs 1,745 Crore, Whole Tax Demand Rises To Rs 3567 Crore

New Delhi, Mar 31: In mounting bother for the Congress, sources within the occasion mentioned it has acquired contemporary notices from the Earnings Tax division, elevating a tax demand of Rs 1,745 crore for the evaluation years 2014-15 to 2016-17.
With this newest discover, the Earnings Tax division has raised a complete demand of Rs 3,567 crore from the Congress.
In line with sources, the contemporary tax notices relate to 2014-15 (Rs 663 crore), 2015-16 (round Rs 664 crore) and 2016-17 (round Rs 417 crore). The authorities have ended the tax exemption accessible to political events and have taxed the occasion for your complete collections, they added.
The Congress has additionally been taxed for “third-party entries” made in diaries seized from a few of its leaders by probe companies throughout raids, the sources mentioned.
The primary opposition occasion on Friday mentioned that it has acquired notices from the I-T division, asking it to pay round Rs 1,823 crore. The tax authorities have already withdrawn Rs 135 crore from the occasion’s accounts for a tax demand referring to earlier years.
The Congress has moved the courtroom in opposition to the Rs 135-crore tax demand and the case is more likely to come up earlier than the Supreme Courtroom on Monday. The occasion has did not get any aid from the Excessive Courtroom of the Earnings Tax Appellate Tribunal on this regard.
Congress leaders have contended that related third-party entries naming BJP leaders in different diaries haven’t been levied any tax. They’ve accused the BJP of indulging in “tax terrorism” and financially crippling the principal opposition occasion in the course of the 2024 Lok Sabha elections.
By doing so, they’re disturbing the extent taking part in subject throughout elections, the Congress has alleged. It has additionally complained to the Election Fee on this regard and urged it to keep up a degree taking part in subject. (AGENCIES)

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