NEW DELHI: Targeting the BJP government at the Centre, senior Congress leader and former Union minister Kapil Sibal on Monday said that it is "demonisation" and not demonetisation that succeeded (in the recent state assembly elections). He said that out of 125 crore people in this country, only 3.17 crore pay taxes," Sibal said. "But if you calculate, sir, there are just three crore people in this country who are able to pay taxes. "The Bill seeks to amend Section 13A of the Income Tax Act, which requires a company to disclose any donation above Rs 20,000. The cap of maximum donation of 7.5 per cent of the net profit of a company has also been removed.

Source: Times of India March 27, 2017 13:52 UTC