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Direct Tax »
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AIMPLB objects to provisions of Direct Tax Code Bill
November, 21st 2011
Nov 20 (PTI) The All India Muslim Personal Law Board has objected to certain provisions of the Direct Tax Code Bill that propose to tax donations received by charitable institutions, terming them harmful to the interests of religious institutions. The bill is with the Parliamentary Standing Committee at present and the government aims to replace the 50 years old taxation law with the new tax code by 2012. AIMPLB spokesperson Abdul Rahim Qureshi said the government should not bring the bill in a hurry because several communities have raised objections to its provisions. He said implementing the bill in its present form will not only bring religious educational institutions under the ambit of taxation but also temples and mosques. "It is not only us who are concerned over this bill, other communities too have reservations over it. In such circumstances, the government should take into account the opinions of all groups and bring the required changes to its draft," Qureshi told PTI. He said his body has conveyed its concerns on the bill to the Ministry of Finance and the parliamentary standing committee led by BJP leader Yashwant Sinha.
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