New Delhi: Members of opposition parties like the Congress, DMK and the TMC on Saturday opposed in Lok Sabha the setting up of the PM CARES Fund, alleging that it lacked transparency.
They were participating in a debate on the bill for giving effect to various compliance relief measures for taxpayers, including extending time limits for filing returns, in the wake of the coronavirus crisis and tax benefits for donations to PM CARES Fund.
“I can’t understand the logic to have a separate fund. What is the difference between the Prime Minister’s National Relief Fund and the PM CARES Fund,” said N K Premachandran (RSP), who initiated the debate on The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
“Eight different Acts are being modified means substantial changes took place in eight Acts and one of the major Acts is the Income Tax Act of…