STATE TIMES NEWS
JAMMU: Expressing dismay over the IT amendments passed in the Lok Sabha recently and terming them as a reward for the black money hoarders, Jammu and Kashmir National Panthers Party (JKNPP) staged a protest against the move.
A contingent of Panther activists spearheaded by Harsh Dev Singh and Yashpal Kundal along with other leaders assembled at Exhibition Ground here an raised slogans to express their indignation.
Harsh, while addressing the media, lamented that the new legislation instead of plugging the lacunae in the existing laws would provide a golden opportunity to the tax evaders to launder their black money and thereby convert 50% of their black money into white.
He further maintained that apprehensions were rife in the public that the new “50:50” modus operandi had been evolved to help the hoarders of black money who financed various political parties including the BJP during the elections.
Calling upon the general public to oppose the game plan of various political parties to convert their black money into white, Singh said that Panthers Party would vociferously oppose the said move and initiate a campaign to expose the fraudulent moves of the pseudo honest leaders. Condemning the manner in which the Income Tax Amendment Bill was passed in the Lok Sabha, Singh said that that the Bill was passed without any discussion which was not the way to run the Parliamentary business.
Singh said that the new tax regime on gold and jewellery had created fear in the minds of the gullible people and women folk in particular.
He said that the provision in the law recommending that there would be no seizure of the gold ornaments to the extent of 500 gms per married woman, 250 gms per unmarried lady and 100 gm per male member even if the prima facie failed to match the income record of the assessee would only provide a loop hole for the culprits to illegally hoard the gold by doing manipulations.
