IT department chargesheets Chidambaram against Chidambaram's family under black money law

Nalini, Karti and Srinithi were accused of not having partial or complete disclosures of property worth Rs. 5.37 crores in UK, assets of Rs. 80 lacs in the same country and 3.28 crores in the United States. is.

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New Delhi: The Income Tax Department has filed four chargesheets today under 'Kala Dhan Act' against Nalini, son Karti and daughter-in-law Shrinnidi, former Union Finance Minister P Chidambaram's wife, for not allegedly disclosing her property abroad. The Income Tax Department has filed charge sheets in front of a special court in Chennai. These chargesheets were filed under Section 50 of black money (undisclosed foreign income and property) and tax deduction Act 2015.

Officials said that the investigation of the case reached its "logical conclusion", which has resulted in chargesheets filed.

Nalini, Karti and Srinithi were accused of not having partial or complete disclosures of property worth Rs. 5.37 crores in UK, assets of Rs. 80 lacs in the same country and 3.28 crores in the United States. is.

Chargesheet has claimed that Chidambaram's family, in violation of the black money law, did not disclose these investments to the income tax department partially or completely. Also, did not disclose the investment made by 'Chase Global Advisory', in which Karti has a co-ownership right.

The government law was brought in 2015,
it is important that the Narendra Modi government brought this law in 2015 under its campaign against Kaladhan.

In this case, the income tax department had recently issued a notice to Karti and his family members. At the same time, Karti, refusing to join the investigation, had said that he has already given details of the details of the property and the previous year's transaction related to the second tax authority and parallel against someone's person under the same law. Operation can not be done.

The Chidambaram family and the company had sent four separate replies to the income tax department located in Chennai on April 27, saying they did not defaul in disclosing these assets and in some cases they revised income tax returns so that overseas property was displayed. Could

In response to Karti's wife, it was said that the original returns and revised returns were filed on the advice of their chartered accountant. All the four, including the company, had told the department to a great extent that there was no failure to disclose any information about foreign property and, of course, it was not deliberate in knowingly disclosing the information. This matter is from the Finance Year 2016-17.

The Department had imposed black money laws against Karti last year. Actually, the department had found that property created by them allegedly violates the law. The new anti-black anti-corruption law deals with the cases of illegal property located abroad which were recently examined under the Income Tax Act, 1961. If convicted under the new law, imprisonment up to 10 years can be a punishment.