Notes ban: No exemption for political parties, says FM Arun Jaitley

New Delhi: The Union Finance Minister of India Arun Jaitley today said political parties haven't been granted any exemptions after demonetisation and the introduction of the Taxation Laws (Second Amendment) Act, 2016, which came in force on December 15, 2016. Here are important points:

• Media reports on the alleged Privilege to political parties are false & misleading: FM Arun Jaitley
• Political parties have not been granted any exemption or privilege, post demonetisation & introduction of Taxation Amendment Act, 2016: FM
• I reiterate that government has not made any change regarding the regime and has not contemplated on the same: FM Arun Jaitley
• In last 2.5 years that this government has been in power, legal and taxation regime with regard to poltical parties remains what it existed from last 15-20 yrs: FM