Posted On
12/17/2016
9:38:15 PM
by
Indian
Dear Money,
There was no formal news of exemption for political parties ... it was all haox, please read the news from TOI
http://timesofindia.indiatimes.com/india/demonetisation-no-exemption-for-political-parties-says-finance-minister-arun-jaitley/articleshow/56038766.cms
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Posted On
12/18/2016
12:54:39 AM
by
More Money
read this tooo
http://www.ndtv.com/india-news/political-parties-can-turn-in-old-notes-without-tax-scrutiny-1638781
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Posted On
12/18/2016
1:54:59 AM
by
SURVE
Only yesterday, the government had said that political parties depositing old 500 and 1,000 rupee notes in their accounts will be exempt from income tax.
Revenue Secretary Hasmukh Adhia said the government is not tinkering with the tax exemption available to political parties and they are free to deposit old 500 and 1000 rupee notes in their bank accounts.TIMES OF INDIA.
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Posted On
12/18/2016
1:59:57 AM
by
MUKHTAR
Why funding of political parties should be next on Modi's hit list
There is also no upper-limit to the amount of income a political party can have to be exempt from paying tax.
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Posted On
12/18/2016
2:04:08 AM
by
KOC
@Indian, Its not a Hoax but the reality since 1961 they made this law to hide black money...
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Posted On
12/18/2016
3:31:15 AM
by
Indian
@KOC
Under Section 13A of IT Act 1961, Political parties have to submit audited accounts
So there is no old or new law which exempts political parties
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Posted On
12/18/2016
4:01:53 AM
by
KOC
@Indian,
Donations below 20,000 rupees are not required to be reported to the ECI (Sec 29C, sub-section 3) but they have to be reported in the ITR. Political parties are essentially not required to disclose details of those donating below 20,000 rupees.
Simple study of IT returns of any political party will show that maximum donations to them are from such ‘unknown’ sources.
Parties are exempted from income tax, but they still have to: a. maintain books of accounts, b. file returns, c. be open to scrutiny, even raids, etc.
This is biggest loop hole where balck money can easily be converted to while ... Suppose To hide my black money i will start my own party say "Black Money Party" so for this party
what every the highest donations i receive from big shots i will divide it the amount 20,000 rupess in the name each of the party member and get depsoit in the bank
in the name of the party in this case there is Tax has to be paid .... If Modi is so much concern about black why did he start with the common man lets his and other partys
come under RTI and abolish this article ..He should be clean first while removing the dirt of others ..
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Posted On
12/18/2016
4:03:03 AM
by
KOC
Mistyped"this case there is no Tax has to be paid"
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Posted On
12/19/2016
12:13:58 AM
by
KOC
@Indian where are you no replay ... Bunch of Joker Party (BJP)...Soon will kicked out
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Posted On
12/19/2016
3:24:08 AM
by
real INDIAN
Can a Party convert black money to white?
Ans: Technically, yes. Parties can take money and show them as donations below 20,000 rupees (making backdated entries showing that donations were taken before demonetisation was announced) and try to convert it into white money for a ‘cut’. But do remember that they have to furnish expenditure details to the ECI too, thus there is always a way to catch this scam. Strong political willpower will be needed to nail such parties.
Do you think Narendra Modi will do it?
Ans: I hope he does! I am sure he knows about this possibility. Wasn’t that the reason he asked all his MPs to submit their bank statements by 31st December? I hope he will check bank statements of not only the BJP but of all political parties.
Are you sure political parties are indulging in such scam?
Ans: Believe me it’s not that easy. If caught, it can jeopardise the whole party and their recognition can be cancelled by the ECI. Surely a party should think twice before indulging in such deeds.
What should be the way forward?
Ans: There should be more transparency in political funding. Donations below 20k should have the same rules as applicable to donations above 20k i.e. Name, Address, PAN number of donors must be recorded, and finally the ITR details should be made public. This will need an amendment to the Representation of Peoples act and the IT act.
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Posted On
12/19/2016
6:07:17 AM
by
KOC
To All "Bunch of joker party Fans"
Will Modi abolish this i.e "There should be more transparency in political funding. Donations below 20k should have the same rules as applicable to donations above 20k i.e. Name, Address, PAN number of donors must be recorded,
Ans: Never ever he do this and his party solely depends on Black Money especially funding 's from Vedanta Group, reliance etc who has too debt to banks .... Instead he will waive the loans of big corporates and you people will become again fools exactly what he did in the case of Mallya ... declaring NPA
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Posted On
12/20/2016
1:23:54 AM
by
Observer
@ Money
Let me enlighten you.
Election commission approves any donation to a political party below 20,000 in cash. However anything above Rs 20,000/- in cash will be audited.
@KOC,
Here, this is for u:
http://www.mid-day.com/articles/ec-ban-on-anonymous-donations-parties-above-rs-2000-blackmoney-in-polls-news/17842177
About your comment on corporate loans/Mallya:
A) either you are liar who is lying about Mallya's loan waiver, deliberately to mislead people.
B) or you r a stupid who doesn't know the difference between "written off" and "waived" and doesn't even bother to know.
C) or u r a fool who believes in hear-say without checking facts and contributes to the propaganda.
In any of the above cases, the TRUTH of the matter is, Mallya's loan is just written off.....that means it's transferred to an other record from the current accounts record, so as not to show bad loan for auditing. This will still be pursued like any defaulter's loan will be.
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Posted On
12/20/2016
2:04:23 AM
by
MUKHTAR
Observer # is it possible to do same thing with all the farmers in India.
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Posted On
12/20/2016
2:36:52 AM
by
KOC
@ Observer Iam not liar like your Feku and u just check carefully i said Mallya NPA(NON PERFORMING ASSET) written off ... And soon as usually it will be waive off (this another file for your info)only .. why Govt can written off all the loan s of a farmers and also for the citizens... I guess you are so dump to understand or behaving like you u don't know anything just to defend some party
You are so stupid that EC just seeks the ban of donations of above 2000 but at last it has to approve by feku PM which he won't do it .. i have explained already the reason why he will not approve .. there is difference between putting proposal to govt and govt approve it ..
BTW 37 BJP profile caught till now having huge back money u people simply barking like dogs that congress did corruption etc.. if congress has done corruption then why BJP people getting caught with huge black money...
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Posted On
12/20/2016
3:20:56 AM
by
Police
There are two kinds of Bhakts. The first type of Bhakt, also known as 'Andha Bhakt', does not think much, places total faith on Modi and just supports him in all his endeavours. Second type is kind of intellectual who can criticize the government and also can offer constructive suggestions to do better. Recently a third type evolved who doesn't want to be called as a Bhakt, but does the same as the second type of Bhakt does. Nonetheless all are Bhakts, only the characteristics vary.
A Bhakt's prime duty is to support the present Modi government and spread awareness about the means and ways being taken to take the nation forward. Bhakts also have a duty to counter misinformation and rumours spread by sickulars or AAPtard or anti-nationals. It is done on a daily basis. So a Bhakt has a tough life to lead, more so because nobody gives a single penny for his efforts.
A Bhakt is generally for BJP and particularly for Modi. PM Modi has assumed power on the basis of his promises to take the nation forward and asked for 60 months to deliver the promises. So the commitment of Bhakts will be unabated till 2019 and whatever supports are required shall be provided. In 2019, Bhakts will assess PM Modi's work and decide whether to continue support or look for a new God. Considering the fact that there is at present no leader who can match with PM Modi's vision, competency, honesty and skills, it is highly likely that the Bhakts will continue to support Modi and BJP in 2019 as well.
Bhakts are surprised, angry and concerned. In addition to Bihar and Delhi, BJP had setbacks in Ratlam by-election and loss in Panchayat elections in states like UP, Maharashtra, Karnataka and more importantly Gujarat where the rural support base took a beating. So the concern is natural. The non-Bhakts are celebrating and taunting the Bhakts. Obviously it is tough for the Bhakts. But that is the way life
functions.
The Bhakts, particularly the second type, have taken a note of this and are acting towards a course correction. Setback in election results is normal, what is important is to learn from it. The coming elections in UP, Assam and Punjab will be important
from BJP’s point of view. Bhakts are looking forward to it.
However, from a Bhakt’s point of view, the Loksabha election is the ultimate test.
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Posted On
12/21/2016
1:53:21 AM
by
Observer
@Mukhtar,
Yes, any non performing asset can be written off, including a FARMER's. But there are various scenarios involved. In the current scenario since the banks have enough deposits thanks to demonetization they can show funds in their accounts and move non performing assets to another ledger.
@KOC
U base your stupid argument on an assumption that IT MIGHT BE waived off?!
Ask the media y they don't wanna show other party leaders being caught?
@Police,
Couldn't agree with u more. U nailed it on the head mate. Just a lil correction though, make that 2024, instead of 2019.
@Police,
U nailed it on the head, I couldn't agree with u more
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Posted On
12/21/2016
3:58:02 AM
by
MUKHTAR
Observer #. is it possible to do before 2019 election.
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Posted On
12/21/2016
7:36:05 AM
by
hussain
Dear indian friends,
I have indian old rupees. I cant go india before march.anybody can exchange for dinar .please send your rates.call or whatsapp-50586858
regards
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Posted On
12/21/2016
9:47:10 AM
by
KOC
@ObserveFirst of all feku let him to leave the country with 9k crores and now u tell me how much money
they are able to recover with him till now its big zerooo... and now feku write off the loans big corporates worth 9 lakh crores
all these happenings infront of ur eyes and still defending this is called arrogance and stupidness ''
For your second question Media showed corrupt politicials from other parties too But the majority is from BJP. so ur agreed that BJP
is the corrupt party.. thats good
If Feku has good intention of eradicating corruption and black money the he should start from his own party like digitalizing all the party funds
etc .but as his intention is bad thats why kept the burden on common man... and also made a law for Govt servants any agency can't investigate the corrupt officers
without authority ... wah rey wah .. we should all congratulate feku for this
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Posted On
12/21/2016
9:49:45 AM
by
Tommy
Check this
https://www.theguardian.com/world/2016/dec/21/indian-businesses-demonetisation-apocalypse-biggest-financial-experiment-in-history
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Posted On
12/21/2016
9:53:18 AM
by
KUMARAN
Who arrested Subrata Roy Sahara -
Congress.
Who got Sahara to deposit Rs 11,000 crores -
Congress.
Who granted bail and parole to Sahara -
Modi! Modi! Modi!
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Posted On
12/21/2016
12:58:00 PM
by
Gopal
Sanghi Virus evrywhere...
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Posted On
12/21/2016
10:17:54 PM
by
Police
The biggest surprise is that in spite of so many harassment and idiotism still the people in UP are supporting feku.
They get easily fools by his blah blah blabbering. Before coming to power he fooled saying 1.5 lakhs to each Indian account. Again now he is blabbering about black money and stopping corruption.
And these poor labourers think that he Feku is going to credit 1.5 Lacs to each of their accounts.
They don’t realize that Feku is the errand boy of Ambani.
Everyone calls Rahul Gandhi a Pappu. Actully who is the real pappu. This feku. The best suited name.
The biggest question is there is no mass protest against this good for nothing yapping fellow.
What will be the fate of India for other 2 and half Years ??
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Posted On
12/23/2016
5:59:00 AM
by
Mohammad Ahmed
everytime Modi is on the weon foot, his supporter justify him saying "congress also did it". one question: do they have to answer a wrong by another wrong?
if no, why this justification istead of acceptance of fault. isn't it doyble standard?
also, if achhe din has come, why still we are working here and many more in line for job here?
also, if achhe din has come, why we do not get same treatment like americans or europeans?
any answer?
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Posted On
12/25/2016
3:09:18 AM
by
indianinq8
Modi killed 100+s innocent people
now he started mind killing the poor people thru useless decisions.
Indians waiting a genius PM to live safely in the country.
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Posted On
12/26/2016
8:50:07 PM
by
To
i advise you if you can send money through trusted havala agents (Hundy) in Kuwait , you will receive the amount at your home with new currency (inr equal to howmuch KD you give here) and you are not required to go and spend your vacation in front of ATM Que
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