Modi In UP Rally: Our Agenda-Stop Black Money, Theirs-Stop Parliament

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Lucknow: Our agenda is to stop black money, theirs is to stop Parliament. There is a massive wave of change in Uttar Pradesh, said PM Modi. Many initiatives have been taken by the Government to empower the youth especially in Uttar Pradesh.

The youth of the nation have been setting examples. Only youth can take the nation forward. Youths if given the right kind of exposure and facilities can contribute a lot in the growth of nation.

Prime Minister Narendra Modi today said the BJP welcomes the Election Commission’s proposal to ban anonymous contributions above Rs 2000 in order to check the flow of black money into the political parties.

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The poll panel, in its effort to check the use of black money and money laundering in politics, has recommended that the government must amend laws to allow exemption from tax only to parties that win seats in elections and ban anonymous contributions of Rs 2000 and above.

Many in the Opposition had asked if the BJP is also willing to open its books to auditors, just as it has asked the country to do in the wake of demonetisation.

Section 13A of the Income Tax Act, 1961 confers tax exemption to parties for income from house property, income by way of voluntary contributions, income from capital gains and income from other sources. Only income under the head ‘salaries and income from business or profession’ are chargeable to tax in the hands of political parties in India.

The Commission has now proposed that exemption of Income Tax should only be extended to political parties that contest elections and win seats in Lok Sabha or Assembly polls.

In his speech in Kanpur today, Modi also attacked the Opposition parties for stalling Parliament and accused them of running away from a debate on demonetisation to “safeguard the corrupt”.

They didn’t allow Parliament to function as they were not ready to debate demonetisation,” Modi told a rally here ahead of assembly elections in Uttar Pradesh early next year.

Virtually the entire winter session of Parliament was washed out over the government’s November 8 decision of scrapping Rs 500 and Rs 1,000 notes to curb black money, corruption and terror funding.