Jagan pays 84 Crore Advance Tax

Posted Date: 13 Oct 2010 Posted By:: Kaki Maheedhar

Member Level: Diamond Member Rank: 3 Points: 1 Responses: 1

According to recent news Jagan Mohan Reddy has paid 84 crores as an Advance tax. He paid just 6.4 crores as tax last year. His income shows a clear 1100% increase within the last year. Jagan and his supporters claim that this has been achieved by various businesses of Jagan and it is not people's money. But the facts say that no one including the Tata's and the Ambani's have paid such huge amounts of Advance tax in the history of India.

The oppositions say that this is a clever play by Jagan in converting all the black money into white.

What is your say on it?

K.Maheedhar
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Responses

#726 Author:

K MOHAN Member Level: Gold Member Rank: 5 Date: 13/Oct/2010 Rating: 2 out of 5

Points: 2

And thats a big news in AP. This shows that Jagan did earn backdoor and hence this much increase in his income. Last time he just paid 6.4 crores and this year he paid 84 crores as advance tax. Definately this has become a big tool for the opposition to take on Jagan in future.

K Mohan

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