Let’s Have One More Tax Amnesty Scheme: Rahul Bajaj
Shri. Rahul Bajaj, Industrialist
Leading Industrialist Rahul Bajaj has suggested that to tempt black money hoarders to bring their billions of unaccounted money stashed abroad into India, a carrot-and-stick approach should be adopted. The hoarders should be offered an Amensty Scheme as an inducement to bring the money into india and as a threat they should be told that they will otherwise be sent to jail and their money will be confiscated
Leading industrialist Rahul Bajaj suggested at a CII interactive session with Finance Minister Pranab Mukherjee that the government could come out with an ‘One Time Amnesty Scheme’ to tax unaccounted money. Rahul Bajaj hastened to add that he did not like people who cheated on their taxes and he also did not like income tax officers who were corrupt.
On the aspect of tax amnesty, Rahul Bajaj suggested that if the people with black money in foreign countries did not avail of the amnesty scheme, they should be “sent to jail” (if and when convicted) and their black money should be “confiscated” (if and when found).