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10% crorepati candidates do not disclose income

40 candidates contesting the elections have not disclosed their income details
Hyderabad: About 40 crorepati candidates contesting the Assembly elections in Telangana have not disclosed their income details for the previous financial year while a few of them have not given their PAN details. They constitute almost 10 per cent of the crorepati candidates contesting the state polls.
Almost all these candidates are representatives of major political parties.
Since any column in the elections affidavit cannot be left blank, according to new rules, candidates are filling in ‘nil’ in the ITR columns.
The Election Commission and the I-T department had prepared a joint charter to check out the excessive growth in wealth and decided to probe all candidates without PANs whose assets are worth Rs 5 crore or more.
Interestingly, none of the PAN-less crorepati candidates in the Assembly polls have declared assets more than Rs 5 crore. TRS Vemulawada MLA Chennamaneni Ramesh has declared assets worth about Rs 4 crore but hasn’t disclosed either PAN details or his Income Tax Returns (ITR). Mr Ramesh has had run-ins in the past as well when Karimnagar MP Ponnam Prabhakar had complained to the Assembly Speaker that Mr Ramesh was living in Germany.
TD leader Errabelli Dayakar Rao contesting from Palakurthi in Warangal has assets worth more than Rs 2 crore. BJP Narsapur candidate C. Balvindernath tops the list of 40 candidates with assets worth more than Rs 8 crores while Gadwal TRS candidate Bandla Krishna Mohan Reddy has declared assets worth more than Rs 6 crores but didn’t disclose the details.
( Source : dc correspondent )
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