Budget 2012 – Income of Prasar Bharati To Be Exempt From Tax
- Tuesday, May 15, 2012, 8:04
- Income Tax
- Budget 2012, News
Finance Bill, 2012 - No provision was proposed in Finance Bill, 2012 to exempt the income of Prasar Bharati
Finance Bill, 2012 as passed by Lok Sabha – A new clause (23BBH) shall be inserted in Section 10 to exempt the income.
This is a most ill-advised step, considering the den of corruption it has known to be. At least a screening by the IT Deptt under the IT Act would ensure about the state of its accounts.