The government has made absolutely no concession in the way tax authorities deal with political parties, and they will be treated the same way as other offenders if they violate the law, Finance Minister Arun Jaitley said during the ET Awards ceremony.
“Whatever was the existing system, which has existed for the last 15 years, is continuing and if somebody creates a political party for the purposes of channelising funds, obviously the law will step in,” Jaitley said at a panel discussion before an audience of India’s biggest business leaders, bankers and CEOs.
“Hopefully, for the future, political funding will have to be more transparent,” he added.
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