New Delhi, Nov 30: Union finance minister Arun Jaitley slammed Delhi chief minister Arvind Kejriwal for ‘factually misrepresenting changes in the tax law. In a series of tweets, the FM has questioned as to why a former IRS officer should factually misrepresent changes in the taxation law.
The critique of the Delhi CM came up as a response to Kejriwal’s question on Twitter why the penalty on declaration of black money been reduced from 200 per cent to 10 per cent.
In the tweet, CM Kejriwal said, initially the Government has announced that the penalty on black money would be 200 per cent. But after 20 days, they are saying it is 10 per cent. Has PM bowed down in front black money owners?
To this the finance minister responded by saying that the penalty for misreporting income under Section 207 A of the Income Tax Act is still 200 per cent. He further questioned why should a former IRS officer, meaning Arvind Kejriwal, misrepresent facts in the taxation law. he further posted on twitter an image which stated all changes in the Taxation law.
Penalty for search and seizure has increased to 30% from the current 10-20% and this even if an individual “admits it and shows it” in their return. If they don’t show it on their return they will be charged 60% of income as penalty, Jaitley said in the tweet.
Kejriwal has been opposing the demonetisation drive and has claimed that it is just a scam on the part of the BJP government. He has also stated that the friends of BJP were already aware of the demonetisation drive prior to the national announcement.
In that sense, the ‘factually’ wrong tweet seems like an desperate measure to question the demonetisation scheme. The CM has not yet responded or rectified his previous tweet.