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Blackmoney : Cong Turns Focus On When BJP Was In Power

New Delhi, Oct 12: As L K Advani embarked on a ‘Yatra' to focus on the black money issue, Congress today sought to point out how BJP had done precious little in the matter when

PTI [ Updated: October 12, 2011 7:43 IST ]
blackmoney cong turns focus on when bjp was in power
blackmoney cong turns focus on when bjp was in power

New Delhi, Oct 12: As L K Advani embarked on a ‘Yatra' to focus on the black money issue, Congress today sought to point out how BJP had done precious little in the matter when it was in power and to project by contrast how the UPA has been “pro-active”.


Party spokesman Manish Tewari told reporters that in its endeavor to tackle the menace of black money, the UPA government had in the last two years amended the Double Taxation Avoidance agreements with 81 countries and effected Tax Information Exchange agreements with four countries known to be tax havens.

Besides, he said the Directorate of Transfer Pricing detected mispricing of Rs 34,145 crores during the period and Directorate of International Taxation collected taxes to the tune of Rs 33,784 crores for cross-border transactions.

Tewari said 9920 pieces of information regarding details of assets and payments received by Indian citizens in foreign countries were being investigated.

The CBDT detected concealed income of Rs 18,750 crore, he said adding that under relevant agreement, France provided information of 69 Indians having bank accountings there from which an unaccounted income of Rs 397 crore was unearthed.

The concrete actions of the UPA showed that the issue of black money cannot be tackled by “mere tokenism and symbolism as was being done by BJP, as against the hard and resolute” action of the UPA.

“There is a world of difference between words and deeds,” he added. PTI

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