Exclusion of electoral trust donations from taxable income when the trust distributes the required portion to registered political parties and complies with rules. Special tax provision excludes voluntary contributions received by an electoral trust from its total income if the trust distributes during the previous year the prescribed portion of aggregate donations plus any surplus brought forward and functions in accordance with rules made by the Central Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exclusion of electoral trust donations from taxable income when the trust distributes the required portion to registered political parties and complies with rules.
Special tax provision excludes voluntary contributions received by an electoral trust from its total income if the trust distributes during the previous year the prescribed portion of aggregate donations plus any surplus brought forward and functions in accordance with rules made by the Central Government.
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