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Operation Clean Money: CBDT issues fresh norms for IT dept

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New Delhi, February 22: After receiving online explanation from 40 % of 18 lakh those queried by taxmen for whereabouts of deposits over 5 lakhs after demonetisation, the CBDT has issued a fresh set of norms on Tuesday for IT sleuths so as to “maintain consistent approach during verification” under ‘Operation Clean Money.’

The Central Board of Direct Taxes (CBDT) which is the policy- making body of the department has said that any bank account being suspected for “misuse” or “money laundering” or “shell company operations” would not be exempted from probe under ‘Operation Clean Money’ despite having low deposits.

Besides the fresh directives also made it clear that the assessing officers can not harass or made independent enquiry or third party verification outside the online portal.

“Whatever information is necessary during verification, the same has to be collected through the person under verification using online platform only,” the instructions issued to all field offices of the tax department, said. They can not call anyone “personally under any circumstance and at any stage” and “even telephonic queries are to be avoided.”

The CBDT also said: In case, there is information or apprehension/suspicion that a particular bank account(s) has been misused for money laundering, tax evasion, entry operations in shell companies, the monetary cut-off or cash balance based cut off prescribed in clauses above requiring no-verification, shall not be applicable.

It also points out that no additional information is required if total cash out of earlier income or saving is not more than the closing cash balance as on March 31, 2016 in the return for assessment year 2016-17.

However, if any discrepancy is found “further verification may be carried out” and such a procedure should also be followed for cash deposits claimed under tax-exempt categories such as agricultural income, the statement explained.

Verification under the said exercise will be kept “pending” for those who inform the taxman that they will disclose their black money under the Pradhan Mantri Gramin Kalyan Yojna (PMGKY) that ends on March 31.

“The verification should be closed on the basis of evidence of disclosure made under PMGKY,” it said.

Besides CBDT also brought in desired relief for common public by noting out that, “It should be ensured that the communications made online with the persons under verification should be in very polite language without containing any element of threat or warning. No show cause of any kind should be given.

It clarified that no person under verification as part of the operation is required to attend the department’s office

Under ‘Operation Clean Money’, the department had sent communications to 18 lakh people who had made suspect deposits of over Rs 5 lakh during the 50-day demonetisation period, while nearly six lakh people have replied on the e-filing portal and have acknowledged to have made such deposits by February 15.

Wefornews Bureau

World

Pentagon to establish ‘Space Command’

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Hack the Pentagon

Washington, Dec 18: While the Space Force would need congressional approval but US President Donald Trump issued an order on Tuesday directing the establishment of a “Space Command.”

Vice President Pence announced on Tuesday that the White House had directed the Pentagon to form a Space Command, a significant step toward the administration’s ultimate goal of establishing a department known as the Space Force that would become the first new branch of the Armed Services since the Air Force was created in 1947.

Trump said the new command will be created as a “unified combatant command” that will oversee all US military activities in space, according to his memo to Defence Secretary Jim Mattis.

The president has asked Mattis to recommend officers for the command’s leadership, the one-page memo said.

It added that a comprehensive list of authorities and responsibilities for the Space Command will be included in the next update to the Unified Command Plan.

Trump has been pushing to establish a Space Force by 2020, an idea that has been questioned by Pentagon officials and military experts worried about adding cost and bureaucracy.

 

Pence was speaking at the Kennedy Space Center in Cape Canaveral, Florida, where he was to watch the launch of a SpaceX rocket with a military cargo.

 

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BJP candidate sent to jail for assaulting youth who voted for Congress candidate

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Jail

Bhopal, Dec 18 : Sudhir Yadav,BJP candidate from Surkhi assembly constituency of Sagar district in Madhya Pradesh,was sent to jail today under SC/ST (Prevention of Atrocities) Act.

He had allegedly abused and physically assaulted a youth who voted for Congress candidate in the state assembly elections.Yadav is the son of BJP MP from Sagar Lok Sabha seat Laxmi Narayan Yadav, was booked by the AJK police station in Sagar under Sections 294, 323, 506 and 34 of IPC, besides different sections of the SC/ST Act for allegedly abusing and assaulting 22-year-old Dalit man Deepesh Ahirwar outside the polling booth in Berkhedi Sadak area of Surkhi assembly constituency on the polling day.

In the complaint submitted to the AJK police station , Ahirwar alleged that after exercising franchise in the polls on November 28, when he came out of the polling booth, the BJP candidate Sudhir Yadav was standing outside with his  supporters.”Yadav asked me who I had voted for and I told him that I voted for the Congress candidate. Hearing it the BJP candidate got infuriated and started abusing me and my caste. Yadav also thrashed me badly for voting the Congress candidate,” Ahirwar alleged in the complaint.

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All India Kisan Sabha to hold protests for loan waiver

AIKS will also extend its support to the protest march of ex-servicemen fighting for One Rank One Pension (OROP) on January 27.

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New Delhi, Dec 18 : Buoyed by the announcement of farm loan waiver by Madhya Pradesh and Chhattisgarh governments, Left-affiliated All India Kisan Sabha (AIKS) on Tuesday said it will hold another round of protest in the rural parts of the country to press for a complete loan waiver across the country and guaranteed remunerative crop prices.AIKS will also extend its support to the protest march of ex-servicemen fighting for One Rank One Pension (OROP) on January 27.

AIKS General Secretary Hannan Mollah said that ‘rail roko’ and ‘rasta roko’ will be held in all villages to urge BJP-led central government to hike the Minimum Support Price (MSP) for agriculture commodities as per the recommendations of Swaminathan Commission and waive loans of all farmers in the country.

“The outcome of recently-concluded elections showed that farm crisis was one of the major issues. The Congress governments in Madhya Pradesh and Chhattisgarh have waived farm loan because of the protests this year,” he said addressing a press conference.

“We have decided to keep momentum going till Lok Sabha elections to get our demands fulfilled. As many as 106 organisations under the banner of Bhumi Adhikar Andolan will participate in the protest,” he said.

The planned protest would be separate from the ones being held by All India Kisan Sangharsh Coordination Committee (AIKSCC) which represents over 200 farm outfits and the AIKS is also a part of it, Mollah added.

AIKS President Ashok Dhawale said Congress “showed no mercy to the farmers” by offering a loan waiver but farmers protests compelled it to do so.

Madhya Pradesh Chief Minister Kamal Nath has announced signing off the file on crop loan waiver of up to Rs 2 lakh as on March 30 this year.

Dhawale demanded the cut-off date be extended to December so as to make farmers, who have taken loan this year, free from the cycle of debt completely.

The AIKS leaders asked Congress governments to implement the loan waiver scheme without riders.

“Loan waiver scheme with conditions was a bad experience in BJP-led Maharashtra. In another BJP-ruled state of Uttar Pradesh, farmers received cheques of Re 1. So there should not be any condition,” Dhawale said.

Newly elected MLAs from Rajasthan, Girdhari Lal Mahiya and Balwan Pooniya, who contested on Communist Party of India’s (Marxist) tickets, said they would take up the cause with the government to make farmers in the state debt-free.

Pooniya said farmers were “looted” by the Modi government under Pradhan Mantri Fasal Bima Yojana, a crop insurance scheme, as the premium was high but compensation was low.

Expressing concerns over Congress President Rahul Gandhi’s remarks that loan waiver was not a solution, Mahiya said “It is hypocrisy. We will have to confront the government in the Assembly and on the road.”

Reacting to the NITI Ayog’s remarks that loan waiver is no answer to the debt trap, Mollah said the premier institution had become a “chamcha” (sycophant) of the BJP government.

“It is good for nothing. It agrees with whatever the government says,” he said.

On former RBI governor Raghuram Rajan remarks over the loan waiver, Mollah said “We know that it is not a solution. However, farmers are under debt because of low remuneration. They have been incurring losses for so many years. Let there be one-time loan waiver along with an announcement of the MSP fixed on Swaminathan commission’s recommendations, farmers will not need a loan waiver again.”

AIKS leader said they would meet Union Agriculture Minister Radha Mohan Singh over agrarian crisis in the country.

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