Masterstroke by Narendra Modi, asks all BJP MP’s and MLA’s to give bank details to Amit Shah.
Masterstroke by Narendra Modi
Another Masterstroke by Narendra Modi after a note ban decision taken on 8th Nov 2016. Now, he has move forward and asks all BJP MP’s and MLA’s to give details of their bank account. In a BJP parliamentary meeting, they have been asked to submit transaction details since Nov 8th to Dec 31st 2016 to Amit Shah as soon as possible .They have been asked to submit entire information till 1st January 2017 to party president Amit Shah.
As per the news, this decision is taken by Modi for Delhi Chief Minister Arvind Kejriwal who claimed that BJP members as well as PM Modi’s friends like Adani, Ambani and Paytm were aware of the demonetisation move.
Government on Monday proposed new Income Tax bill in Loksabha about black money. During these 50 days means until 30th December 2016, if a person caught with the black money then he/she has to pay 30 per cent tax, 10 per cent penalty or 33 per cent surcharge. In short, if you have a black money and you failed to declare its source then you will need to pay 50% tax on total amount.
And if any person failed to declare this blackmoney and you have been caught by Income Tax department then you will need to pay 75 percent tax and 10 per cent penalty means you will need to pay 85 percent of total black money.
We all know that opposition parties are criticizing to Modi and government on his “note ban decision“, “lack of planning” and “poor implementation” of the policy.
So guys, are you happy with this move of Prime Minister Narendra Modi? Do let us know your thoughts in the comments section below.