Today, i.e. 23 March, is a day which means a lot for many of us and may START meaning a lot for those who will be able t..
Sonia refuses to disclose IT info, income could be between Rs 50-75 lakh

Times of India published today "Sonia Gandhi cites privacy, refuses
to disclose info on I-T returns". A Chennai-based RTI activist
V Gopalakrishnan had sought details of Sonia Gandhi's I-T returns
from the year 2000-2001 to 2010-2011.
In reply Sonia Gandhi said disclosure of such private information
to third parties in guise of transparency in public life would
amount to unwarranted invasion of the individual's privacy. The
information submitted to the I-T department by an individual was
confidential and private in nature and cannot be disclosed as per
Section 138 of the Income Tax Act, 1961, she said.
CPIO has rejected the petition second time. The
application was first rejected without even seeking objection from
Sonia Gandhi.
Firstpost published a brief report few hours ago,
"Sonia’s official income could be
between Rs 50-75 lakh". Let’s be clear: even if Sonia Gandhi
were to put her latest income-tax returns in the public domain –
which she has currently declined against an RTI request – nothing
much will come to light."
Three reasons why.
One, her main sources of official income
are likely to come from being a cabinet-ranked head of the
National Advisory Council (NAC), her salary and
income as an MP, including attendance fees, and miscellaneous
income from fixed deposits, etc.
Two, the assets disclosed by her to the
Election Commission in the 2009 Lok Sabha poll was just around Rs
1.38 crore. These assets are incapable of generating very high
incomes – unless one sells some of the landed properties held in
her name in Italy and India.
Three, it is highly unlikely that her tax
returns will give us any greater insight into her real sources of
income – assuming there’s more to it than what has been
disclosed.
The main income for Sonia Gandhi is likely to be
the salary and perks she earns by being a member of Parliament, and
some additional moolah as a cabinet-ranked member of the NAC.
Next, we have Sonia’s salary and perks related to being a
cabinet-ranked head of the NAC. Firstpost filed an RTI with the
Prime Minister’s Office to find out the NAC’s costs – but all we
got was a gross budget, which works out to Rs 3.77 crore for all of
2011-12. Since this includes all expenses, including office
expenses and payments made to other NAC members – and there’s a
whole lot of them, around a dozen – one can assume that Sonia’s
earnings from NAC cannot be higher than what she earns as an
MP.
There would be the income she earns from assets. In 2009, she
declared ownership of assets worth Rs 1.38 crore, including the
following:
• An ancestral house in Italy, which was valued at Rs 18.05
lakh.
• Rs 75,000 in cash and Rs 28.61 lakh in bank deposits.
• Mutual funds worth about Rs 20 lakh and Rs 12 lakh in RBI
bonds.
• 10 shares of Maruti Technical Services & 500 of Western India
Tanneries.
• Post office deposits total Rs 1.99 lakh.
• Rs 24.88 lakh with the Public Provident Fund.
• Jewellery worth about 2.5 kg, then valued at Rs 11 lakh.
• 88 kg of silverware worth more than Rs 18 lakh.
• 2 plots of agricultural land totalling around 15 bighas valued
then at Rs 2.19 lakh.
Prime Minister Manmohan Singh has reported assets in excess of Rs 5
crore. Can Sonia Gandhi have only Rs 1.38 crore of assets in her
name?
...
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