Shiromani Akali Dal (SAD) on Tuesday condemned the Aam Aadmi Party (AAP) authorities in Punjab for rising stamp responsibility on loans sanctioned by banks in addition to imposing a two per cent stamp responsibility on property switch by way of energy of legal professional.
In an announcement right here, SAD chief Bikram Singh Majithia mentioned the 2 measures would impose a burden of Rs 1, 000 crore on the widespread man who was already reeling below elevated worth added tax (VAT) on petrol and diesel.
Stating that the AAP authorities was “vigorously searching on an everyday basis to find new ways and means to tax the people, ” Majithia mentioned the federal government had amended the Indian Stamp Act to impose a .25 per cent stamp responsibility on loans sanctioned by banks in addition to mortgage crediting corporations. He mentioned it will make each autos and houses dearer.
He mentioned the federal government had additionally imposed two per cent stamp responsibility on property switch by way of energy of legal professional. He mentioned now the federal government would impose switch charges on each basic and particular energy of attorneys.
By doing so, he mentioned, a unnecessary burden had been placed on individuals who resorted to switch property by way of these measures to their blood kinfolk.
Demanding Chief Minister Bhagwant Mann inform Punjabis the place the Punjab tax payers cash was being spent, Majithia mentioned “this government has nothing to show by way of development or creation of infrastructure. It seems this money, like thousands of crores earlier, will be used on cheap publicity stunts and self publicity, besides financing the chartered plane journeys of AAP convener Arvind Kejriwal rather than the welfare of Punjabis”.
He demanded each measures be rolled again instantly.