Demonetisation: PM Modi asks BJP MPs, MLAs to share bank account details after note ban

Prime Minister Narendra Modi on 29 November asked all Bharatiya Janata Party (BJP) MPs and MLAs to provide details of their financial transactions after demonetisation, i.e. 8 November to 31 December, 2016, to party president Amit Shah.

Days before Prime Minister Narendra Modi announced the demonetisation policy, the Bharatiya Janata Party (BJP) bought land worth crores of rupees. The party bought several land parcels in Bihar up to the first week of November. And on 8 November, PM Modi announced the ban on notes of Rs 500 and Rs 1,000.

Catch accessed deeds of at least 10 such property transactions by BJP functionaries in Bihar for the party. Some of them were even bought on behalf of BJP president Amit Shah.

Also Read: Before Modi banned Rs 500, Rs 1000 notes BJP was busy investing in real estate

It was based on these deeds that the Opposition demanded the ruling BJP to make all transactions public.

Prime Minister Modi has not said anything about providing details of transactions prior to 8 November, which was actually demanded by the Opposition.

Also Read: Twitter goes to town on Catch report that BJP spent crores to buy land before note ban

Earlier in the day, PM Modi attended a BJP parliamentary party meeting to discuss the Centre's demonetisation move and strategies to counter the opposition.

Opposition parties have accused the Prime Minister of plunging the country into financial anarchy post the demonetisation drive.

However, the ninth day of the Winter Session of Parliament saw the Centre introducing the Income Tax Laws (Second Amendment) Bill.

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

The Amendment Bill, introduced by Finance Minister Arun Jaitley, proposes 30% tax on undisclosed income plus 10% penalty, apart from a 33% surcharge.

The Bill also proposes a 75% tax and 10% penalty in case Income Tax authorities detect undisclosed wealth deposited post demonetisation.

--with ANI inputs

Also Read:Catch impact: Congress demands probe into 'BJP land deals' before PM Modi banned notes

Also Read: Catch impact: Congress asks Modi to reveal source of funds used to buy land

Also Read: Catch impact: AAP says land deals prove BJP leaders knew of note ban in advance