Re:Modi’s Cash Crackdown Failed, Indian Bank Data Shows
by khrm on Monday September 03, 2018 @05:13AM
(#17901429)
1. BJP income rose after demonetisation. Parties don't pay taxes but file return for exemptions, expenses, etc. You don't even have to reveal the sources.
https://www.dailyo.in/politics/demonetisation-noteban-party-...
2. If a party already knew that demonetisation is coming, it could have acted accordingly. https://www.financialexpress.com/india-news/demonetisation-b...
3. Ruling party had an advantage on getting money, organisational structure, advertisement, etc, etc. Many vendors don't accept checks but real currency.
> You don't pay taxes on things that don't exist on your books.
Its not others fault that you keep your party funding off the books. No one asked you to. You can keep it on the books, pay the tax, and pay you vendors legally without issue. The restrictions were on cash, not on any of the other payment systems.