Armed with cash donation information, I-T to reassess Cong liability for 7 years ...Middle East

While tax authorities refused to give any assessment of the scale of demand that may be raised, they said the department was looking into the accounts of state units and other wings as they were all under the Indian National Congress umbrella. The party risks losing tax exemption available to political parties for seven years in case the reassessment concludes it received individual contributions exceeding Rs 20,000, the threshold set under the law, violation of which attracts punishment.

Hence then, the article about armed with cash donation information i t to reassess cong liability for 7 years was published today ( Friday 22/03/2024 - 09:36 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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