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Modi government owes taxpayers Rs 119,000 crore as I-T refunds

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By Newsgram Staff Writer

“Income-tax refunds amounting to Rs.1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015,” Minister of State for Finance Jayant Sinha told Rajya Sabha in today.

Processing, determination, issuance and encashment of income tax refund claims is a continuous process and a part of the outstanding refunds would, therefore, in the normal course also get postponed to next year, Sinha said.

As of now, the pending amount for the current fiscal so far is Rs.68,032.21 crore. It was Rs.43,963.42 crore in 2013-14 and Rs.7,968.51 crore in 2012-13, MoS Finance said, and added, “An amount of Rs.106,499 crore has already been refunded to the taxpayers in the current financial year till March 7, 2015,” he added.

The projected target of income tax collection in the ongoing 2014-15 fiscal is Rs.700,000 crore.

For the coming fiscal 2015-16, the union government has not changed the ceiling on income tax but introduced an additional two per cent surcharge on the income of super-rich individuals in the country.

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In Jharkhand Lynching Case, Guilty Would Be Punished: Jayant Sinha

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand

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Sinha further said that he has full faith in our judiciary
Sinha said that he has full faith in our judiciary. Flickr

After sparking a political storm by welcoming eight men who were convicted in the Ramgarh lynching case in Jharkhand with a garland, Union Minister Jayant Sinha on Saturday said that the Ranchi High Court has suspended the sentence of the accused and released them on bail.

The Union Minister of State for Civil Aviation said on Twitter, “In the Ramgarh case (mob lynching), the Ranchi High Court, which is the first court of appeal, has suspended the sentence of the accused and released them on bail while admitting their case. The case will once again be re-heard.” Sinha further said that he has full faith in our judiciary and that those who are innocent would be spared while the guilty would be appropriately punished.

“I have full faith in our judiciary and rule of law. Unfortunately, irresponsible statements are being made about my actions when all that I am doing is honoring due process of law. Those that are innocent will be spared and guilty will be appropriately punished,” he said.

He added, “I have repeatedly expressed my misgivings about the Fast-Track Court judgement sentencing each accused to life imprisonment. I am pleased that the Hon’ble High Court will hear the matter as a statutory court of appeal to test the correctness of the Fast-Track Court order.” Sinha, who represents the Hazaribagh seat in Lok Sabha, yesterday felicitated eight men convicted for killing a meat trader in Jharkhand last year.

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand at his residence on the outskirts of Hazaribagh.

A Ramgarh Court had sentenced the 11 accused, in connection with the Alimuddin murder case in Ramgarh district to a lifetime in prison.

lynching-header
lynching header. Flickr

Alimuddin, also known as Asgar Ansari, was intercepted by a mob and beaten to death in June last year over suspicions of transporting beef in his vehicle near Bazartand village. The mob later set the vehicle ablaze.

Also read: New Portfolio: Full List of Union Council of Ministers after Reshuffle

Following the lynching incident, section 144 was imposed in Ramgarh. (IANS)