Logo
Logo

It’s official; political bribery is tax-free. Ask the taxman

The Income Tax Appellate Tribunal (ITAT) has ruled that the four Jharkhand Mukti Morcha (JMM) MPs who took bribes from the Congress party under PV Narasimha Rao can not only keep the money, but also needn’t pay taxes on it. The bribes were paid to get them to vote with the government in the 1993 confidence motion when the Congress was short of a majority.

Read Full Story>>