After Notes Ban, 104 Crores Deposited In Account Of Mayawati's Party BSP


After Notes Ban, 104 Crores Deposited In Account Of Mayawati's Party BSP
By: Author
27 December 2016
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New Delhi: Around Rs. 104 crore have been kept in a record having a place with the Bahujan Samaj Party or BSP since the focal government's declaration on cash boycott, sources in the Enforcement Directorate have said. Another Rs. 1.43 crore have been stored in the record of previous gathering boss Mayawati's sibling, the specialists said. 

The Enforcement Directorate focused in on the records while leading pursuits on a branch of the Union Bank. It was one of the banks being examined to mind conceivable instances of tax evasion after the legislature rejected the two high group notes. 

Organization sources said cash had been saved in the records of Anand Kumar and the BSP since the prohibition on 500 and 1000 rupee notes was reported by Prime Minister Narendra Modi on November 8. While the name of the branch is yet to be revealed, the hunt operation is still on, sources said. 

Under the Income Tax Act, the pay of political gatherings is excluded from expense gave all gifts above Rs. 20,000 are taken with check and lower ones are legitimately archived, with full subtle elements of the givers. These records additionally must be examined. 

Days after the coin boycott, fund serve Arun Jaitley hosted said political gatherings can likewise store their trade held out the old money in banks till December 30 without paying assessment, if they can clarify the wellspring of pay. However, he said the gatherings can't acknowledge gifts in the banned coin and their books of records ought to mirror the sections before November 8. 

The BSP is one of the key players in the coming gathering decisions in the state, booked to be held one year from now. 

Taking after the restriction on high category coin, which the administration said was intended to look at defilement and flush dark cash, the Congress had claimed that the move was political and made just to win the get together decisions in Uttar Pradesh.

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