Shah’s assets grow 3 times in 7 yrs: Affidavit

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Shah’s assets grow 3 times in 7 yrs: Affidavit

Sunday, 31 March 2019 | PTI | Gandhinagar

The affidavit filed Saturday by BJP chief Amit Shah while submitting his nomination papers for the Gandhinagar Lok Sabha seat showed that his assets had grown over three times in the last seven years.

According to the affidavit, the movable and immovable properties of Shah and his wife stood at Rs 38.81 crore, up from Rs 11.79 crore in 2012.

The Rs 38.81 crore figure included inherited property, both movable and immovable, of Rs 23.45 crore, the affidavit states.

While Shah had Rs 20,633 cash in hand at the time of filing the papers, his wife possessed Rs 72,578.

As per the affidavit, Shah and his wife had Rs 27.80 lakh in several savings accounts, and fixed deposits of Rs 9.80 lakh.

Shah and his wife have a cumulative income of Rs 2.84 crore as per their latest Income Tax Returns (ITR).

Shah’s affidavit mentions his sources of income as salary received as Rajya Sabha MP, rent on properties and income from agricultural activity.

In 2017, when Shah contested the Rajya Sabha polls from Gujarat, he had declared assets worth Rs 34.31 crore. The latest affidavit, thus, puts the rise in his assets at Rs 4.5 crore since 2017.

While fighting the 2012 Assembly polls, Shah had declared that he along with his family, including wife Sonalben and son Jay (who was a dependent at the time), owned movable and immovable assets worth Rs 11.79 crore.

In Saturday’s affidavit, Shah has mentioned that he and his wife’s annual incomes, as per ITR of 2017-18, stood at Rs 2.84 crore, which comprised Rs 53.90 lakh for Shah and Rs 2.30 crore for Sonalben.

The income of Shah’s wife more than doubled in a year as her 2016-17 ITR placed her annual income at Rs 1.05 crore.

Shah’s income as per his 2016-17 ITR was Rs 43.68 lakh. The affidavit goes on to inform that the BJP chief and his wife do not own a car.It also stated that Shah had not pursued his Bachelor of Commerce degree beyond the second year.

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