Govt returning 50% of black money to hoarders: Rahul Gandhi

Congress vice-president Rahul Gandhi today 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 percent of the black money back to hoarders again, he said outside Parliament.

The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha yesterday, 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 percent 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. This is for the first time that there was no such obituary offered for those soldiers who had died (in Nagrota attack). So the Opposition walked out." Opposition members walked out of the Lok Sabha as their demand for an obituary reference on the soldiers who died in the terror attack on army camp in Jammu was rejected by the Speaker on the grounds that final details were yet to emerge.