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Lok Sabha passes income tax amendment bill amid din

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New Delhi: Speaker Sumitra Mahajan in the Lok Sabha in New Delhi on Tuesday. PTI Photo / TV GRAB    (PTI11_29_2016_000129B)

New Delhi: The Lok Sabha on Tuesday passed by a voice vote a bill to amend the income tax laws to facilitate levy of 60 per cent tax on undisclosed income or investment or cash credit deposited in banks after the November 8 demonetisation.

The bill was passed even as the opposition members protested and raised slogans against the government.

Union Finance Minister Arun Jaitley, while moving the bill for consideration and passing, called it one of the steps by the Centre to curb black money.

“This is an attempt to get the (black) money into the mainstream,” he said.

Lok Sabha-1

However, the opposition members insisted the lower house first take up a debate on demonetisation under the rule pertaining to an adjournment motion, and the bill be taken up thereafter.

Trinamool Congress member Sudip Bandyopadhyay suggested that the debate and the bill can be clubbed, which Speaker Sumitra Mahajan said was not possible.

While the opposition protested, the Speaker put the bill to vote amid the din, and it was passed by a voice vote.

According to the Taxation Laws (Second Amendment) Bill, 2016, the declarant will have to pay a tax of 60 per cent and an additional surcharge of 25 per cent of the tax (i.e. 15 per cent of such income), resulting in a total tax component of 75 per cent.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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