Source: 
The Economic Times
http://articles.economictimes.indiatimes.com/2010-09-16/news/27586861_1_income-tax-returns-bsp-parties
Author: 
ET Bureau
Date: 
16.09.2010
City: 
New Delhi

NEW DELHI: How much does a 3,000-square metre property at New Delhi's upmarket Sardar Patel Marg cost? If the income-tax returns of Ms Mayawati's BSP are anything to go by, this is just worth Rs 9.97 crore. That's not all. A year before recession set in 2008, BSP sold a flat in Lucknow at a loss of close to Rs 2 lakh.

Net worth of the property on Sardar Patel Marg, 'generously gifted' to BSP in 2007-08 financial year, has grown leaps and bounds in three years. Correlating the income-tax returns and Ms Mayawati's recent asset declaration, the property is now worth Rs 54.08 crore — a 442% increase. Apart from this prime property, BSP received another gift in Lucknow — 5 Lal Bahadur Shastri Marg, which was worth Rs 2.36 crore.

The income-tax returns of political parties, accessed by Association for Democratic Reforms under Right to Information (RTI) Act, reveal that BSP's coffers are overflowing. The declared income has risen from Rs 69.74 crore in 2006-07 fiscal to Rs 182.02 crore in 2007-08 — a 161% increase and the highest across the political spectrum.

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