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Monday July 14th
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Sunday July 13th
. Patna Law College, A Constituent Unit Of Patna University (PU) Faces Derecognition (0 comments)

Saturday July 12th
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Friday July 11th
. NABARD Loan Of Rs 235.50 Crore For Bridge Over Gandak In Gopalganj (0 comments)
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Thursday July 10th
. Bihar Villagers Constructed A Dam To Prevent Floodwaters From Devastating Their Village (0 comments)
. Lalu Yadav Inaugurates Central Board of Secondary Education (CBSE) Regional Office (0 comments)

Wednesday July 9th
. Buddhist Monument In A Dilapidated Condition In Bihar,It Being Under Control Of Archaeological Deptt (0 comments)
. Bihar, Jharkhand Told To Meet Over 'Dues' For Education of Bihari Students At BIT, Sindri: Patna HC (0 comments)
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. L&T Bags Rs1,047.60cr Contract From Rlys For Setting Up Steel Wheel Manufacturing Plant In Bihar (0 comments)
. Education infrastructure in Bihar not meeting standards says Hamid Ansar (0 comments)

Tuesday July 8th
. New job-training program aims to improve lot of India's eunuchs (0 comments)

Monday July 7th
. Medical Council of India Declares Patna Medical College and Hospital Radiotherapy Degree Useless (0 comments)
. Independent Groups to Monitor Progress in MCDs (0 comments)
. Global Players In Race For Multi-Crore Electric Loco Project at Madhepura in Bihar (0 comments)
. Keventer Plans To Investing Rs 30cr Over The Next 2 Years To Set Up Banana Processing Unit In Bihar (0 comments)
. Indian Railways Decide To Accept Madrassa Degree Valid For Railway Jobs, says Lalu Prasad (0 comments)
. Madrassa degree valid for railway jobs, says Lalu Prasad (0 comments)

Friday July 4th
. Major Power Crisis Grips City, A Technical Snag In "Power Braker" (220 kV) At Fatuha (0 comments)
. RPG Group To Set Up Thermal Power Plant At Pirpainty In Bhagalpur District of Bihar (0 comments)
. Modi Calls For New National Bio-Fuel Policy And Set Up National Bio-Fuel Board (0 comments)
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Older Stories...

Lalu saves tax, milks cash cow

New Delhi: Railway Minister Lalu Prasad paid over Rs 10 lakh to Indian Tourism Development Corporation's (ITDC's) Ashoka Hotel for his daughter's wedding.

Receipts of the payment available with CNN-IBN show the payments were made in cash, on the same day and all this just to save income tax.

Bill number 532337 was given by the hotel's management to Lalu against a cash payment of Rs 9 lakh on May 4, 2006.

However, the column where the mode of payment is added was left blank and there's no mention of any date anywhere.

On the same day, the minister made another payment to the same hotel -- receipt no. 532338 -- the amount paid this time was Rs 1,01,250.

By Rajesh Kumar, Section News
Posted on Thu Jun 22, 2006 at 09:53:05 PM EST
The bill numbers clearly indicate that the payments were made on the same date, one after another. In effect, Laloo Yadav paid more than Rs 10 lakh in cash to the hotel.

"We had to take our payments. He wanted to pay in cash so we had no problems with it," Manager, Ashoka Hotel, Vinod Sharma said.

It's worth mentioning that none of the two receipts have the PAN number written on them. That's when the Reserve Bank of India (RBI) has made it compulsory that PAN numbers be specified for payments made over Rs 50,000. The RBI has specifically done this to check black money.

Now, the question that arises is why and how did Lalu Prasad make a payment of Rs 10 lakh in cash without giving his PAN number.

But, this can best be answered by Lalu himself or perhaps the Ashoka Hotel management.

"Laluji is a famous person, so there was no need to take his PAN number. And if it is required then I'll ask him and am sure he'll give it," Sharma said.

http://www.ibnlive.com/news/lalu-saves-tax-milks-cash-cow/13650-3.html

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