Finance Minister Arun Jaitley said media reports are ‘false and misleading’ on the income tax exemption to political parties on saturday.
“Political parties have not been granted any exemption or privilege, post demonetisation and introduction of Taxation Amendment Act, 2016. I reiterate that Govt has not made any change regarding the regime and has not contemplated on the same,” he said.
“Political parties can also deposit old currency notes till December 30th”: Finance Secretary
He further added: “In the last two and half years that this government has been in power, legal and taxation regime with regard to political parties remains what it existed for the last 15-20 years. In this era of instant outrage, a 35 year-old-law is presented as a new law being passed by the NDA Government. I implore all journalist friends to be fully outraged against any step of the Government, if it is not against corruption. But in equal measure, I would also implore them to do adequate research before jumping the gun.”
“In fact PM Modi is setting a new example of propriety in public life, by asking all MPs & MLAs of BJP to submit their bank account details post demonetization. We would like to urge the other parties to do the same and prove their intentions against corruption,” he said.