India’s Congress says facing ‘tax terrorism’ after second tax notice

India’s Congress says facing ‘tax terrorism’ after second tax notice
India’s Congress says facing ‘tax terrorism’ after second tax notice

Hello and welcome to the details of India’s Congress says facing ‘tax terrorism’ after second tax notice and now with the details

Nevin Al Sukari - Sana'a - India’s main opposition party said today it had been asked to pay an additional 18.2 billion rupees (RM1 billion) in taxes, which it called an attempt by the tax department to financially cripple it weeks before general elections. — Reuters pic

MUMBAI, March 29 — India’s main opposition party said today it had been asked to pay an additional 18.2 billion rupees (RM1 billion) in taxes, which it called an attempt by the tax department to financially cripple it weeks before general elections.

Calling the latest notice from the Income Tax Department “tax terrorism”, Congress treasurer Ajay Maken told reporters the party would fight the demand in court.

India will vote in seven phases between April 19 and June 1 in general elections Prime Minister Narendra Modi is expected to win and secure a record-equalling third straight term.

Advertisement

“The law is on our side, we have no doubt about it, but by the time we get relief, elections will be over,” Maken said. The Supreme Court is expected to hear the case on April 1, he added.

A tax department spokesperson did not immediately respond to a request for comment today, which is a public holiday. The tax department has said it can not comment on individual tax notices as they are confidential.

Congress, which has been ruled by the Gandhi-Nehru family, was once India’s most dominant political party and has accused Modi of trying to “cripple it financially” before the elections through the tax department.

Advertisement

Last month, the party said the authorities froze some of its bank accounts pending a tax case that dates back to 2018-19 involving 1.35 billion rupees, and its bid to contest this in court was dismissed.

Modi’s Bharatiya Janata Party (BJP) has said that the tax case was not politically motivated.

Asked how much the party would be left with to contest the elections after the two tax demands, Maken said: “You think there will be anything left after this?”

Congress has ruled India for 54 of its 76 years since independence from Britain, but it has struggled to win over voters since Modi swept to power in 2014. — Reuters

These were the details of the news India’s Congress says facing ‘tax terrorism’ after second tax notice for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Mass arrests as US campus protests over Gaza spread
NEXT Barrage of Russian attacks aims to cut Ukraine's lights

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]