CPI against immunity scheme for tax evaders
  • This Section
  • Latest
  • Web Wrap
Last Updated: Saturday, February 19, 2011, 23:24
  
New Delhi: The Communist Party of India on Saturday opposed the government's reported plan to announce an immunity scheme for tax evaders who have stashed away black money by charging them up to 45 per cent tax.

"I am writing this letter regarding the proposal from the Finance Ministry to announce immunity to all tax evaders, who have stashed away black money in India and abroad and allow them to pay tax plus penalty amounting to 45 per cent or so," CPI Deputy General Secretary S Sudhakar Reddy said in a letter to Prime Minister Manmohan Singh.

Reddy said that about 15 days ago, the Finance Minister had hinted at such a proposal and asked the Central Board of Direct Taxes (CBDT) to work out the details.

"This proposal is nothing but allowing black money holders to convert the same into white money by paying some penalty. Now the CBDT, it is understood, has worked out the details. This is a betrayal of the nation," he added.

Reports have appeared that in the Union Budget, Finance Minister Pranab Mukherjee may announce such an immunity scheme for tax evaders to come clean after paying tax plus a penalty, collectively amounting to 45 per cent.

PTI


First Published: Saturday, February 19, 2011, 23:24


comments powered by Disqus