Sun, Feb 26, 2017 | updated 05:49 PM IST

Centre introduces Income Tax Laws (Second Amendment) Bill in Lok Sabha

Updated: Nov 28, 2016 18:07 IST

New Delhi [India], Nov.28 (ANI): Day nine of the Winter Session of Parliament saw the Centre introducing the Income Tax Laws (Second Amendment) Bill today.

The Bill provides for 'Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016' (PMGKY).

As per the Bill, declarants under this regime shall pay a tax of 30 poercent of their undisclosed income and a penalty of 10% of their undisclosed income.

The Bill also proposes to levy a 'Pradhan Mantri Garib Kalyan Cess', at 33 percent tax rate.

Additionally, the declarant shall have to deposit 25 percent of undisclosed income under the 'Pradhan Mantri Garib Kalyan Deposit Scheme, 2016'.

Scheduled business in both houses could not be taken up as protests over the demonetisation issue continued.

During protests in the Upper House, the opposition raised a point of order stating that the government's notification placing withdrawal limits on bank account holders could possibly violate Article 300 (A) of the constitution [Right to property].

The Deputy Chairman of the Rajya Sabha, P. J. Kurien, however, did not give a ruling in this regard and stated that such points of legalities should be taken up during the discussion.

Leader of Opposition Ghulam Nabi Azad also pointed out that none of the 34 RBI notifications related to the demonetisation announcement have been tabled in Parliament. (ANI)

Ballia (Uttar Pradesh) [India], Feb. 26 (ANI): Hitting out at the Bharatiya Janata Party (BJP), Bahujan Samaj Party (BSP) supremo Mayawati on Sunday said the saffron party has not even projected its chief ministerial candidate and talks about winning the Uttar Pradesh Assembly polls.

Full Story >>

Pauri (Uttarakhand) [India] Feb. 26 (ANI): At least eight people were killed and six others sustained injuries after a car fell into a gorge in Uttarakhand's Pauri district.

Full Story >>

Hyderabad (Telangana) [India] Feb. 26 (ANI): Telangana Chief Minister K. Chandrashekhar Rao has given administrative sanction for an amount of Rs.21.75 crores under special development fund to fulfill his assurance made on February 24 in Mahabubabad district towards meeting the expenditure for providing infrastructure facilities in Dornakal constituency.

Full Story >>

Two gold smugglers arrested in Siliguri

Updated: Feb 26, 2017 16:43 IST

Siliguri (West Bengal) [India], Feb.26 (ANI): The Directorate of Revenue Intelligence (DRI) personnel on Sunday arrested Anowar Hussein and Morninur Islam from Siliguri and seized three kilograms of yellow metal from their possession.

Full Story >>

Maharajgunj (Uttar Pradesh) [India], Feb. 26 (ANI): Uttar Pradesh Chief Minister Akhilesh Yadav on Sunday said the alliance between the Congress and Samajwadi Party is a tie-up between two youngsters, adding this would change the course of politics both at the national as well as state level.

Full Story >>

Jaunpur (Uttar Pradesh) [India], Feb. 26 (ANI): Uttar Pradesh Chief Minister Akhilesh Yadava's wife Dimple Yadav on Sunday accused the Union Ministers of spitting communal venom, while appealing the people to ensure the Samajwadi Party's win in the assembly polls.

Full Story >>

New Delhi [India], Feb. 26 (ANI): After emerging victorious in Maharashtra and Odisha local elections, it is time for the Bharatiya Janata Party to test waters in Uttar Pradesh.

Full Story >>

Thane (Maharashtra) [India], Feb. 26 (ANI): The Indian Army has launched an internal inquiry into the recruitment exam paper leak after the Thane city police nabbed 18 people in connection with the case.

Full Story >>

Rajkot [India], Feb. 26 (ANI): The Gujarat Anti Terrorist Squad (ATS) on Sunday claimed to have successfully foiled an attack by two brothers who are alleged ISIS operatives.

Full Story >>

Kasaragod [India], Feb. 26 (ANI): A youth from Kerala, believed to have joined the ISIS has been killed in a drone strike in Afghanistan.

Full Story >>

New Delhi [India], Feb. 26 (ANI): Dubbing former home minister P. Chidambaram's comments on the Kashmir situation as politically motivated, Union Information and Broadcasting Minister M. Venkaiah Naidu on Sunday urged the Congress Party to make its stand clear on the former's remark.

Full Story >>

New Delhi [India], Feb. 26 (ANI): Lauding the farmers for their contribution to this year's food grain production, Prime Minister Narendra Modi today claimed that agriculture is vital to the Indian economy's growth.

Full Story >>

New Delhi [India], Feb. 26 (ANI): Prime Minister Narendra Modi today stressed on the importance of technology and stated that the Indian economy has witnessed a shift to digital transactions.

Full Story >>

Diary scam: BJP MP demands CBI probe

Updated: Feb 26, 2017 13:41 IST

New Delhi [India], Feb. 26 (ANI): Bharatiya Janata Party (BJP) MP P.C. Mohan has written a letter to the Central Bureau of Investigation (CBI) demanding a probe against Congress MLC K. Govindaraju in connection with an alleged Rs. 1000 crore diary scam.

Full Story >>

Gujarat: Two ISIS operatives arrested

Updated: Feb 26, 2017 12:37 IST

Ahmedabad [India], Feb. 26 (ANI): The Gujarat Anti Terror Squad (ATS) has arrested two brothers from the state for their alleged involvement in activities related to the terror group ISIS.

Full Story >>

New Delhi [India], Feb. 26 (ANI): Prime Minister Narendra Modi on Sunday heaped praises the Indian Space Research Organisation (ISRO) scientists for creating a world record by sending 104 satellites into the space orbit.

Full Story >>

New Delhi [India], Feb 26 (ANI): Lauding India's successful progress in the field of defence, Prime Minister Narendra Modi on Sunday said that inculcation of the Ballistic Interceptor Missile is a cutting edge technology in the arena of security.

Full Story >>

New Delhi [India], Feb. 26 (ANI): Prime Minister Narendra Modi, in his 29th edition of Mann Ki Baat, touched on a range of issues from India's historic launch of a record 104 satellites on a single rocket to the Indian team's incredible victory in the Blind T20 Cricket World Cup.

Full Story >>

New Delhi [India], Feb. 26 (ANI): The National Investigative Agency (NIA) will soon file a closure report in connection with a case relating to the two youth from Pakistan Occupied Kashmir (PoK), who were suspected to have helped the terrorists carry out the deadly attack in an army camp in Jammu and Kashmir's Uri sector last year.

Full Story >>

Gorakhpur (Uttar Pradesh) [India], Feb. 26 (ANI): Responding to the FIR lodged against him for violating the poll code, Bharatiya Janata Party (BJP) Uttar Pradesh Chief Keshav Prasad Maurya on Sunday defended himself saying that he simply 'forgot' to take off the party symbol from his coat before casting the polls.

Full Story >>