New Delhi: Congress vice-president Rahul Gandhi on Wednesday accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them. The government has given 50% of the black money back to hoarders again, he said outside the Parliament. The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha on Tuesday, providing a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50% tax, including surcharge and penalty. Asked about the walkout by the opposition MPs in the Lok Sabha, Rahul said, “There is a practice in Parliament that whenever someone dies we respect them.

Source: Mint November 30, 2016 09:46 UTC