BJP for action against former Minister P Chidambaram in black money case

Source: The Hitavada      Date: 14 May 2018 11:20:27


Staff Reporter

The Chhattisgarh unit of Bharatiya Janata Party has demanded action against former Union Finance Minister P Chidambaram from AICC President Rahul Gandhi after the Income Tax department filed four charge-sheets against P Chidambaram and his family members. Addressing a press conference, BJP State Spokesperson Sanjay Srivastava said the AICC President who is out on bail, himself is in National Herald case, dared him to take any action against the former Union Finance Minister, as non-declaration of assets is a severe issue. He said the Income Tax department has filed four charge-sheets under the Black Money Act, for allegedly not disclosing foreign assets.

It is worth mentioning here that the Income Tax Department on Friday had filed four charge-sheets against former Union Finance Minister P Chidambaram, his wife Nalini Chidambaram, son Karti Chidambaram and daughter-in-law Srinidhi Chidambaram underthe Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 for allegedly not disclosing their foreign assets. Srivastava said the Chidambarams had purchased immovable property in Cambridge city in the United Kingdom worth crores of rupees, but failed to disclose it in their income tax returns as well as in election declarations. He said the BJP, which is committed towards politics of purity and in this direction the party in its election manifesto had announced checking of black money. Soon after coming to power Prime Minister Narendra Modi had made regulations in this direction, wherein, it was declared those who have black money and undeclared property can do so before September 2015. If it is done, the person will have to pay the tax calculated on it. This act provides for, if convicted provides 120% tax and penalty on those undisclosed assets and income, and when proven invites jail term.Srivastava said the after the disclosure of Income Tax department, undeclared properties worth crores had come to fore outside India apart from 21 bank accounts in 14 countries worth crores. Chidambaram had neither declared these properties to IT department nor during contesting elections, which is mandatory.