Why Chidambaram pays 2 lakh as rent to his wife & son per month for staying in Delhi?
Is there a tax loophole that the ex-Finance Minister devised that he himself is taking advantage of? The 200 page Income Tax (IT) report shows that the former Finance Minister P Chidambaram has engaged in a funny deal with his wife Nalini and son Karti. As per the agreements seized in the joint raid of Income Tax and the Enforcement Directorate (ED), there appears to be an inspired scheme to fool the taxman through bogus agreements.
After getting out of power in mid 2014, Chidambaram who claims to be a resident in Delhi’s Gymkhana Club enters into curious rent agreement with Nalini and Karti living in Chennai. As per thagreement Nalini and Karti own a floor of a multi-storeyed building having the address 115A at posh Jor Bagh in Delhi. These two owners decided to rent one of the floors ...