After 'gift' claim, CM may come under I-T dept 'watch'

February 12, 2016

Bengaluru, Feb 12: Chief Minister Siddaramaiah appears to have been caught on the wrong foot by claiming that the expensive wristwatch he used to wear till recently was a gift.

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According to the Income Tax Act 1961, a person has to pay tax if he or she receives a gift costing more than Rs 50,000. However, tax exemption can be availed if the gift is from one of the family members.

Accordingly, Siddaramaiah has to prove whether he has paid the tax if the expensive watch was a gift from a friend or “somebody” else. If it is within the family, he must have the bill. Spouse, brothers and sisters of one’s parents, one’s lineal descendants (including spouse) and lineal descendants (including spouses) of one’s spouse come in the bracket of family members according to the Income Tax Act.

Even if the gift is within the family, taxmen normally verify the source of money for the purchaser, official sources in the I-T department said.

JD(S) leader H D Kumaraswamy has been claiming that the chief minister’s watch was a diamond-studded Hublot costing a whopping Rs 60 lakh to Rs 70 lakh.

Besides, he charged that the chief minister’s sunglasses cost Rs 1.5 lakh and claimed that he had proof to substantiate his charges. But Siddaramaiah has been dismissing the charges as not true and offered to sell them to the JD(S) leader at Rs 5 lakh if he was ready to buy them.

Assets declaration

Besides, it is not clear whether Siddaramaiah has declared having received these expensive gifts in his affidavit of assets and liabilities before the Karnataka Lokayukta. Public servants have to file the affidavit every year according tothe Karnataka Lokayukta Act. And the chief minister has not revealed as to when he received the gifts. However, the details have not been made public.

More to come?

Sources in the JD(S) said the party would soon come out with more details as to when and who gifted the watch to Siddaramaiah.

According to rumours, along with the chief minister, two other politicians – a Cabinet minister and a confidant of Siddaramaiah – have also received similar watches from an industrialist.

The JD(S) had released a video clipping of Siddaramaiah sporting the watch when he visited former MP H?Vishwanath at a hospital in Mysuru.

According to party sources, Siddaramaiah visited the hospital about 8 to 10 months ago. But the watch he offered to auction was a gold watch and not the diamond-studded watch.

Enquiries made by this newspaper at the Chief Minister’s Office said Siddaramaiah neither remembered who gifted him the watch nor its price.

Comments

manav
 - 
Friday, 12 Feb 2016

After all this is blame komarswami came up with ? This father and sons party is biggest curs to the state they robbed billions of rupees ,,in so many ways they do not have any moral right to blame anyone

Krishma
 - 
Friday, 12 Feb 2016

beka costly watch, all our tax money eaten by siddaramaiah.

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News Network
April 22,2024

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Mangaluru: BJP candidate in Dakshina Kannada Capt Brijesh Chowta has received a letter from Prime Minister Narendra Modi wishing him victory in the election.

In the letter, which the BJP shared with the media, the PM has lauded Chowta’s exceptional services in the armed forces as a part of the Gorkha regiment, especially in counter-insurgency operations. Modi also has mentioned about Chowta’s efforts as an organiser of the Mangaluru Lit Fest and his dedication to preserve the cultural heritage of the region.

“I am certain that you will immensely contribute towards the welfare of people and the region of Dakshina Kannada. Through this letter, I would like to tell the people of your constituency that this is not an ordinary election. Families across India, especially the senior members, would remember the difficulties they have gone through in the last five to six decades. In the last 10 years, the quality of life of every section of society has improved, with many of these troubles removed. Yet, a lot more is still to be done and this election will be decisive in our mission to ensure a better life for everyone,” reads the letter. 

“Your exceptional service in the armed forces as a part of the Gorkha regiment, especially in counter-insurgency operations, is commendable. Additionally, your efforts as an organiser of the Mangaluru Lit Fest demonstrate your dedication to preserving the cultural heritage of the region. I am certain that you will immensely contribute towards the welfare of people and the region of Dakshin Kannada”

“With the blessings of the people, I am confident that you will reach the Parliament. Team members like you are a great asset for me. As a team, we will leave no stone unturned for the welfare of the people of your constituency and the country. Through this letter, I would like to tell the people of your constituency that this is not an ordinary election. Families across India, especially the senior members, would remember the difficulties they have gone through in the last 5-6 decades. In the last 10 years, the quality of life of every section of society has improved, with many of these troubles removed. Yet, a lot more is still to be done and this election will be decisive in our mission to ensure a better life for everyone.

“This election is an opportunity to connect our present with a bright future. Every vote that the BJP gets will go towards forming a stable government and impart momentum in our journey to become a developed nation by 2047. The people of India themselves have made up their minds to support this vision and are leading the way in this election. I am aware that the summer heat poses problems to everyone. But this election is extremely important for the future of our nation. I appeal to the voters to cast their votes early in the morning, before the heat sets in.

“It is important that our workers motivate people to go out and vote in large numbers. Focus on winning the booth. Victory in every booth leads to success in the constituency. At the same time, I request workers of our party to take care of their health and that of other people around them. As a candidate of the BJP, I urge you to convey my assurance to each voter that every moment of my time is dedicated to the welfare of my fellow citizens. I send you my wishes for your victory in the election,” stated PM Modi in the letter.

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News Network
April 25,2024

Bengaluru, Apr 25: Former union minister C M Ibrahim, who was expelled from Janata Dal (Secular) for protesting against party’s alliance with BJP, has stressed on need for a third front not just at the national level, but also in Karnataka. 

Addressing a news conference in Bengaluru on Wednesday, he said he’s planning to form a third front in Karnataka along with Lingayat Seer Dingaleshwar Swami.

Ibrahim said that he will tour the state between April 27 and May 4 and that he would meet Dingaleshwar Swami on April 29. “There is a need for the third front in this country. We will try to establish a third front in association with the seer and we hope we will be successful in those efforts,” he said.

Expressing disappointment with the Congress for not doing enough to gain the full confidence of Muslims, Ibrahim said that Congress is concentrating only on certain communities for votes, and ignoring Muslims. 

“The Congress is not even caring for Muslims and Dalit votes. In some Muslim areas they did not even hold campaigns seeking votes and trying to convince the communities which never vote in their favour. I fear this may lead to low turnout and Congress may lose its vote base,” he opined.

Mentioning about guarantees on which Congress is strongly relying during this election, Ibrahim said, such things won’t work all the time. “Guarantees will not work anymore. Every election you need to give something new to the voters,” he added.

On Prime Minister Narendra Modi’s statement that Congress is trying to appease minorities for votes, Ibrahim requested both Congress and BJP parties not bring Muslims between them. “I request both parties. Leave us alone. Don’t make us sandwiches for your political sake. We are living with peace and hope even the Prime Minister will understand this,” Ibrahim added.

Launching a broadside against Prime Minister Deve Gowda, Ibrahim said, “Deve Gowda has sold his personality itself. Whatever I have told about JD(S) has come true. I pity, a former Prime Minister should not have come to this stage,” he said. 

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News Network
April 11,2024

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BJP MLA Arabail Shivaram Hebbar’s son Vivek Hebbar on Thursday, 11 April, joined the Congress party along with his supporters at Banavasi in Uttara Kannada district.

After quitting the BJP, Vivek Hebbar joined the party in the presence of state Congress vice president and former MLC Ivan D’Souza and other local party leaders.

Speculations have been rife about his father Shivaram Hebbar, an MLA from the Yellapur Assembly segment, also planning to join the Congress, ever since he did not turn up for voting during the polls to four seats of the Rajya Sabha from Karnataka held on 27 February.

The senior Hebbar’s absence from voting, despite a party whip, had caused embarrassment to the BJP. He had, however, later attributed his absence to poor health.

The BJP had also issued notice to him, which he responded to.

Shivaram Hebbar had recently met Deputy Chief Minister and state Congress chief DK Shivakumar but claimed that the meeting was about water issues in his Assembly segment.

The senior BJP leader was earlier with the Congress. He was among 17 Congress-JD(S) legislators, who had quit from their parties, which ultimately led to the collapse of the then HD Kumaraswamy-led coalition government in July 2019.

Shivaram Hebbar had subsequently won the by-poll on a BJP ticket and served as a minister in the then government of the saffron party.

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